I need help with this requirement 2 please

National Supply's shareholders' equity included the following accounts at December 31, 2020: Shareholders' Equity Common stock, 9 million shares at $1 par $ 9,000,000 Paid-in capital-excess of par 63,000,000 Retained earnings 92,500,000 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. February 15, 2021 February 17, 2022 November 9, 2023 Reacquired 400,000 shares at $10 per share. Reacquired 400,000 shares at $7.50 per share. Sold 275,000 shares at $9 per share (assume FIFO cost). 2. Prepare the shareholders' equity section of National Supply's balance sheet at December 31, 2023, assuming the shares are (a) retired and (b) accounted for as treasury stock. Net income was $16 million in 2021, $18 million in 2022, and $20 million in 2023. No dividends were paid during the three-year period. Complete this question by entering your answers in the tabs below. Req 1 Retired Req 1 Treasury Reg 2 Stock Prepare the shareholders' equity section of National Supply's balance sheet at December 31, 2023, assuming the shares are (a) retired and (b) accounted for as treasury stock. Net income was $16 million in 2021, $18 million in 2022, and $20 million in 2023. No dividends were paid during the three-year period. (Enter your answers in whole dollars.) Shareholders' Equity Retirement Treasury stock Paid-in capital: Common stock 275,000 Paid-in capital - excess of par 59,600,000 Paid-in capital - share repurchase 200,000 Retained earnings 91,700,000 Less: Treasury stock (4,250,000) Total shareholders' equity $ 147,525,000 $ $ 0 ( Req 1 Treasury Stock Req2