_{I did part 1 to the question, but i need help with part 2 with is the other 3 empty charts. Thanks!}

Q4: Share buyback-comparison of retirement and treasury stock treatment The shareholders' equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2020: Shareholders' Equity Common stock, 240 million shares at $1 par Paid-in capital-excess of par Paid-in capital-share repurchase Retained earnings ($ in millions) $ 240 1,680 1 1,100 Required: 1. During 2021, TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (a) retired and (b) viewed as treasury stock. a. On February 5, 2021, TNL Systems purchased 6 million shares at $10 per share. b. On July 9, 2021, the corporation sold 2 million shares at $12 per share. c. On November 14, 2023, the corporation sold 2 million shares at $7 per share. Credit No A Date February 05, 2021 General Journal Common stock Paid in capital in excess of par RE cash Debit 6 42 12 60 B July 09, 2021 24 Cash Common stock Paid in capital in excess of par 2 22 C 14 November 14, 2023 Cash Common stock Paid in capital in excess of par 2 12 2. Prepare the shareholders' equity section of TNL Systems' balance sheet at December 31, 2023, comparing the two approaches. Assume all net income earned in 2021-2023 was distributed to shareholders as cash dividends. Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are retired. No Date General Journal Debit Credit February 05, 2021 B B July 09, 2021 November 14, 2023 Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are viewed as treasury stock. General Journal Debit Credit No A Date February 05, 2021 B July 09, 2021 November 14, 2023 Prepare the shareholders' equity section of TNL Systems' balance sheet at December 31, 2023, comparing the two approaches. +Assume all net income earned in 2021-2023 was distributed to shareholders as cash dividends. Shareholder's Equity $ in millions Retirement Treasury stock Paid-in capital: Common stock Paid-in capital - excess of par Retained earnings Less: Treasury stock Total shareholders' equity