From time to time, the Company repurchases shares of its common stock under share repurchase programs authorized by the Company's Board of Directors. All repurchases made during fiscal 2020 were made under the current $20 billion share repurchase program approved in October 2017, which has no expiration date or other restrictions limiting the period over which the Company can make share repurchases. Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2020 2019 2018 Total number of shares repurchased 53.9 79.5 1049 Average price paid per share 105.98 $ 93.18 $ 79.11 Total amount paid for share repurchases 5,717 $ 7,410 $ 8,296 a. What is the impact of a share repurchase on the balance sheet equation, indicate increase, decrease or no effect? 2 points Assets Liabilities Equity b. Assume that the 104.9 million shares that were repurchased in 2018 were all subsequently sold for $90/share. Provide the journal entry that would have been recorded, you can round to millions (same as the footnote displays): 3 points