Question 6 12 pts (12 points) In 2020, Bianca's Natural Disasters entered into the transactions described below. After incorporating in 2019, Bianca issued 25 million shares of its $3 par common stock at $120 per share, and subsequently repurchased 5 millions shares at $122 per share. There are currently 20 million shares outstanding. Bianca has a $129,589,781,569,987 credit balance in their Retained Earnings account as of Dec. 31, 2019. Prepare the journal entries under both the retirement and the treasury stock methods. Each answer should have two journal entries--one for retirement, one for treasury stock. 1. On January 2, 2020 when Bianca reacquired 5 million shares at $122 per share. Retirement Debit or Credit? Account Name Amount Treasury Stock