I just need help correcting the wrong answers. Please see the attachments.

National Supply?s shareholders? equity included the following accounts at December 31, 2015:

Shareholders? Equity	($millions)
Common stock, 2 million shares at $1 par	$	2,000,000
Paid-in capital?excess of par		16,000,000
Retained earnings		82,000,000

Required:

1.

National Supply reacquired shares of its common stock in two separate transactions and later sold shares. Prepare the entries for each of the transactions under each of two separate assumptions: the shares are (a) retired and (b) accounted for as treasury stock.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)

February 15, 2016

Reacquired 260,000 shares at $11 per share.

February 17, 2017

Reacquired 260,000 shares at $8.50 per share.

November 9, 2018

Sold 170,000 shares at $10 per share (assume FIFO cost).

2.	Prepare the shareholders? equity section of National Supply?s balance sheet at December 31, 2018, assuming the shares are (a) retired and (b) accounted for as treasury stock. Net income was $18 million in 2016, $19 million in 2017, and $20 million in 2018. No dividends were paid during the three-year period.(Enter your answers in whole dollars.)