Cruz Cookie Company $($CCC$)$ has $100$ million shares of $$1$ par common stock authorized. The transactions below caused changes in CCC$\text{'}$s outstanding shares.

January $4,2024$: Repurchased and retired $2\mathrm{.}40$ million shares at $$7\mathrm{.}60$ per share.

June $25,2024$: Repurchased and retired $3\mathrm{.}40$ million shares at $$3\mathrm{.}40$ per share.

Prior to the transactions, CCC$\text{'}$s shareholders' equity included the following:

Common stock, $79\mathrm{.}60$ million shares at $$1$ par

Paid$-$in capital$-$excess of par

$$79,600,000$

$270,640,000$

$116,000,000$

Required:

Prepare the journal entries to record the repurchase and retirement of the shares.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in whole dollars.

Repurchased and retired $2\mathrm{.}40$ million shares at $$7\mathrm{.}60$ per share.

Repurchased and retired $3\mathrm{.}40$ million shares at $$3\mathrm{.}40$ per share.

$\backslash$table$[[,$Debit,Credit$],[,2,300,000,],[,5,410,000,],[,,17,710,000$