National Supply's shareholders' equity included the following accounts at December 31, 2017 Share Common stock, 2 million shares at 11 par Paid-in capital-excess of par Retained earnings % 2,000,000 8,900,099 79,699,90 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, 2018 Reacquired 100,800 shares at $7 per share. February 17, 2019 Reacquired 100,999 shares at $4.58 per share. 9, 2026 cost) Sold 58,099 shares at $6 per share (assume FIFO 2. Prepare the shareholders' equity section of National Supply's balance sheet at December 31, 2020, assuming the shares are (a) retired and (b) accounted for as treasury stock. Net income was $10 million in 2018, $11 million in 2019, and $12 million in 2020 N dividends were paid during the three year period