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

January 4, 2024:	Repurchased and retired 1.80 million shares at $8.80 per share.
June 25, 2024:	Repurchased and retired 2.80 million shares at $2.80 per share.

Prior to the transactions, CCC's shareholders' equity included the following:

Common stock, 80.80 million shares at $1 par	$ 80,800,000
Paid-in capitalexcess of par	226,240,000
Retained earnings	128,000,000

Required:

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

1) Repurchased and retired 1.80 million shares at $8.80 per share.

2)Repurchased and retired 2.80 million shares at $2.80 per share.