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 $2\mathrm{.}70$ million shares at $$7\mathrm{.}30$ per share.

June $25,2024$: Repurchased and retired $3\mathrm{.}70$ million shares at $$1\mathrm{.}80$ per share.

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

Common stock, $79\mathrm{.}30$ million shares at $$1$ par $ $79,300,000$

Paid$-$in capital$$excess of par $142,740,000$

Retained earnings $113,000,000$

Required:

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