Prepare the entry for each of the transactions given in the requirement above. Assume shares are retired. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer whole dollars and not in millions. Journal entry worksheet Record the purchase of 400,000 shares at $10 per share on February 15,2024 for retirement. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 400,000 shares at $10 per share on February 15,2024 that are accounted for as treasury stock. Note: Enter debits before credits. Jational Supply's shareholders' equity included the following accounts at December 31, 2023: lequired: 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, 2024 Reacquired 400,000 shares at $10 per share. February 17, 2025 Reacquired 460,000 shares at $7.50 per share. November 9, 2026 Sold 275,000 shares at $9 per share (assume FIFO cost). 2. Prepare the sharehoiders' equity section of National Supply's balance sheet at December 31,2026 , assuming the shares are (a) retired and (b) accounted for as treasury stock. Net income was \$16 million in 2024, \$18 million in 2025. and $20 million in 2026. No dividends were paid during the three-year period. Complete this question by entering your answers in the tabs below. Journal entry worksheet Record the sale of 275,000 shares at $9 per share (assume FIFO cost) on November 9, 2026. Note: Enter debits before credits. Journal entry worksheet Record the sale of 275,000 shares at $9 per share (assume FIFO cost) on November 9, 2026. Note: Enter debits before credits. Journal entry worksheet Record the sale of 275,000 shares at $9 per share (assume FIFO cost) on November 9, 2026. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 400,000 shares at $7.50 per share on February 17 , 2025 that are accounted for as treasury stock. Note: Enter debits before credits