connect ACCOUNTING ses (Algorithmic) Question 4 (of 7 ue: 75 points At December 31,2015, the balance sheet of Meca International included the following shareholders' equity accounts: Shareholders' Equity (S in millions) Common stock, 90 million shares at $1 par Paid-in capital-excess of par Retained earnings 90 360 470 Required: ry stock, record the appropriate journal Assuming that Meca international views its share buybacks as treasu entry for each of the following transaction journal entry required" in the first account field. Enter y should be entered as 10).) s: (If no entry is required for a transaction/event, select "No our answers in millions (ie, 10,000,000 1. On February 12, 2016, Meca reacquired 1 million common shares at $17 per share 2 Or, June 9, 2017, Meca reacquired 2 m lion common shares at S Meca reacquired 2 million common shares at $14 per share 3 On May 25,2018. Meca sold 2 million treasury shares at $19 per share-determine cost as the weighted-average cost of treasury shares 4 For the previous transaction, assume Meca determines the cost of treasury shares by the FIFO method ournal entry worksheet