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The December 31, 2021, balance sheet of Broncos Company included the following: Broncos completed the following transactions in 2021 relating to treasury stock: March 17:

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The December 31, 2021, balance sheet of Broncos Company included the following: Broncos completed the following transactions in 2021 relating to treasury stock: March 17: Reacquired 5.40 million shares at $10.40. May 17: Reacquired 3.40million shares ot 59.20 . August 10; Sold 6.40 million shares at $12.20. Required: Assuming Broncos uses the cost method for treasury stock, prepare joumal entries to record the foregoing transactions on a FIFO basis. (If no entry is required for a tronsaction/event, select "No journal entry required" in the first account field. Enter your onswers in millions rounded to 3 decimal places (i.e., 5,555,000 should be entered as 5.555).) (Pleose follow above instructions for entering your numbers and for rounding carefully, see the example provided) Journal entry worksheet

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