In 2022 ForSum Corp decided to discontinue accounting for reacquired shares as treasury stock, Instead, shares repurchased will be accounted for as having been retired (and re-assuming the status of unissued shares). As part of the change, treasury shares held were reclassified as retired stock. At December 31, 2021, ForSum's balance sheet reported the following shareholders' equity (in $ millions): Common stock, $.01 par value, authorized 3.5 billion shares; issued 1,600 million shares Additional paid-in-capital Retained earnings 16.0 7,984.0 53,908.1 Accumulated other comprehensive income (loss) Common stock in treasury, at cost; 900 million shares Total shareholders' equity (deficit) (6,378.7) Required: Prepare the 1/1/22 journal entry to effect the reclassification of treasury shares as retired shares. (2,586.8) (65,700.0)