Item 44

Item 44 5 points

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In 2021, Poe's Products completed the treasury stock transactions described below.

January		2:		Reacquired 10 million shares at $16.20 per share.
February		15:		Sold 3 million shares at $20.10 per share.
September		20:		Sold 3 million treasury shares at $15.10 per share.

Poe had issued 50 million shares of its $1 par common stock for $18 several years ago. Required: Record the above transactions assuming that Poe's Products uses the cost method.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)