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Data Table -X Common stock $ 243 255 Additional paid-in capital Retained earnings 2,129 (611) Treasury stock Total stockholders' equity $ 2,016 asun Print Done

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Data Table -X Common stock $ 243 255 Additional paid-in capital Retained earnings 2,129 (611) Treasury stock Total stockholders' equity $ 2,016 asun Print Done much did stockholders' equity increase A Hora Gellman Marketing Corporation reported the following stockholders' equity at December 31 (adapted and in millions): Click the icon to view the data.) During the next year, Gelliman purchased treasury stock at a cost of $24 million and resold treasury stock for $16 million (this treasury stock had cost the company $3 million) Read the requirements b Requirement 1. Record the purchase and resale of Gellman's treasury stock. (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts in millions as provided to you in the problem statement.) First, record the purchase of the treasury stock. Journal Entry Date Accounts Debit Credit pl Millions Treasury Stock Cash Next, record the resale of the treasury stock. Cash Next, record the resale of the treasury stock Journal Entry Date Accounts Debit Credit Millions Cash Treasury Stock Pald-in Capital from Treasury Stock Transactions Requirement 2. Overall, how much did stockholders' equity increase or decrease from the two transactions? (Enter a decrease with a minus sign or parentheses.) The increase (decrease) in overall stockholders' equity, in millions

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