Please help with requirement 2

The shareholders' equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2020: Shareholders' Equity Common stock, 360 million shares at $1 par Paid-in capital-excess of par Paid-in capital-share repurchase Retained earnings ($ in millions) $ 360 2,160 2,600 Required: 1. During 2021, TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (a) retired and (b) viewed as treasury stock. a. On February 5, 2021, TNL Systems purchased 8 million shares at $10 per share. b. On July 9, 2021, the corporation sold 3 million shares at $12 per share. c. On November 14, 2023, the corporation sold 3 million shares at $7 per share. 2. Prepare the shareholders' equity section of TNL Systems' balance sheet at December 31, 2023, comparing the two approaches. Assume all net income earned in 2021-2023 was distributed to shareholders as cash dividends. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Retired Req 1 Treasury Stock Req 2 Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Retired Req 1 Treasury Stock Req 2 Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are retired. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) No Date General Journal Debit Credit February 05, 2021 Common stock Paid-in capital - excess of par Paid-in capital - share repurchase Retained earnings Cash ololololo 8 48 2 22 80 B July 09, 2021 Cash 36 00 Common stock 30 X 6 X Paid-in capital - excess of par 21 November 14, 202 Cash Common stock Paid-in capital - excess of par OOO 3 18 Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Retired Req 1 Treasury Stock Req 2 Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are viewed 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 millions (i.e., 10,000,000 should be entered as 10).) No Date General Journal Debit Credit A 80 February 05, 2021 Treasury stock Cash > 80 B July 09, 2021 Cash 36 ololol 30 Treasury stock Paid-in capital - share repurchase 6 November 14, 202 Cash 21 Paid-in capital - share repurchase Retained earnings Treasury stock OOOO 8 1 30 X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 Retired Req 1 Treasury Stock Req 2 Prepare the shareholders' equity section of TNL Systems' balance sheet at December 31, 2023, comparing the two approaches. Assume all net income earned in 2021-2023 was distributed to shareholders as cash dividends. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Shareholder's Equity ($ in millions) Retirement Treasury stock Paid-in capital: Common stock $ 360 Paid-in capital - excess of par Retained earnings Less: Treasury stock Total shareholders' equity $ 0 $ 360