Exercise 18-11 (Algo) Retirement of shares [LO18-5] In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had issued 175 million shares of its $1 par common stock at $30 per share. Required: Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) 1. On January 2, 2021, Borland reacquired 9 million shares at $28.00 per share. 2. On March 3, 2021, Borland reacquired 9 million shares at $33 per share. 3. On August 13, 2021, Borland sold 1 million shares at $38 per share. 4. On December 15, 2021, Borland sold 2 million shares at $33 per share. View transaction list Journal entry worksheet 1 2 3 4 Record the reacquisition of 9 million shares at $28.00 per share.