The December 31, 2021, balance sheet of MBI Company included the following: Common stock, 20.7 million shares outstanding at $1 par Paid-in capital-excess of par Retained earnings $ 20,700,000 103,500,000 122,000,000 MBI completed the following transactions in 2021 relating to treasury stock: March 17: Reacquired 2.7 million shares at $10.70. May 17: Reacquired 2.7 million shares at $9.35. August 10: Issued 3.7 million shares at $12.35. Required: Prepare journal entries to record the foregoing transactions on a weighted average basis. (Do not round intermediate calculations. 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 4 decimal places (i.e., 5,555,000 should be entered as 5.5550).) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 March 17, 2021 No Transaction Recorded 2 May 17, 2021 No Transaction Recorded 3 August 10, 2021 No Transaction Recorded