The Jennings Group Reacquired 2 Million Of Its Shares At $72 Per Share As Treasury Stock. Last Year, For The First Time, Jennings Sold 1 Million Treasury Shares At $73 Per Share By What Amount Will Jennings' Retained Earnings Decline If It Now Sells The Remaining 1 Million Treasury Shares At $69 Per Share? (Enter Your Answer In Millions (I.E., 10,000,000

 

 

 

 

The Jennings Group reacquired 2 million of its shares at $72 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $73 per share. By what amount will Jennings' retained earnings decline if it now sells the remaining 1 million treasury shares at $69 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Retained earnings will decline by million