The following excerpt is from an artide reported in an online issue of Bloomberg Ford Motor Co. (F) said it will repurchase $4.3 billion of its shares to reduce dilution from recent stock grants to executives The par amount per share for Ford's common stock is $0.01. Paid in capital-excess of par is $789 per share on average. The market price was $28.5 Required: 1. Suppose Ford reacquires 13700 million shares through repurchase on the open market at $28.50 per share. Prepare the appropriate journal entry to record the purchase. Ford considers the shares it buys back to be treasury stock. 2. Suppose Ford considers the shares it buys back to be retired rather than treated as treasury stock. Prepare the appropriate Journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Suppose Ford considers the shares it buys back to be retired rather than treated as treasury stock. Prepare the appropriate journal entry to record the purchase. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions and rounded to 2 decimal places (ie, 5,500,000 should be entered as 5.50).) Show less No Event General Journal Debit Credit 1 1 Common stock Paid-in capital excess of par common Retained earnings Cash quedi Required Suppose for recres 137.00 million shares through repurchase on the open market at $28.50 per share. Prepare the appropriate Journal entry to record the purchase Ford consider the share it buy back to be treasury stock. (If no entry is ed for a transaction/eventet Journal entry required in the first account field Enter your answers in millions and rounded to 2 decimal places 1.500,000 should be entered as 5.50)) Show less Debut Credli 1 1 Tready stock Cash Required 2 >