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 4.80 million shares at $9.80. May 17: Reacquired 2,80 million shares at $8.90. August 10: Sold 5.80 million shares at $11.90. Required: Assuming Broncos uses the cost method for treasury stock, prepare journal entries to record the foregoing transactions on a FIFO basis. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (i.e., 5,555,000 should be entered as 5.555).) (Please follow above instructions for entering your numbers and for rounding carefully, see the example provided) Required: Assuming Broncos uses the cost method for treasury stock, prepare journal entries to record the foregoing transactions on a FIFO basis. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (i.e., 5,595,000 should be entered as 5.555).) (Please follow above instructions for entering your numbers and for rounding carefully, see the example provided) Journal entry worksheet Note: Enter deblts before credits. Assuming Broncos uses the cost method for treasury stock, prepare journal entries to record the foregoing transactions on a FIFO Required: basis. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (i.e., 5,555,000 should be entered as 5.555).) (Please follow above instructions for entering your numbers and for rounding carefully, see the example provided) Journal entry worksheet - Notei Enter debits before credits. Required: Assuming Broncos uses the cost method for treasury stock, prepare journal entries to record the foregoing transactions on a FIFO basis. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (i.e, 5,555,000 should be entered as 5.555).) (Please follow above instructions for entering your numbers and for rounding carefully, see the example provided) Journal entry worksheet Sold 5.8 millon shares at $11.90. Wote I Emer debits before credits