The shareholders' equity section of the balance sheet of TNL. Systems inci included the followng accounts at December 31 , 2020 . Required: 1. During 2021, TNL Systems reacquired shares of its common stock and later sold shares in two separate tronsactions. Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (0) retired and (o) viewed as treasury stock. a. On February 5, 2021, TNL Systems purchased 6 milion shares at $10 per share. b. On July 9, 2021, the corporation sold 2 million shares at $12 per share. c. On November 14. 2023 , the corporation sold 2 million shares at $7 pet shafe 2. Prepare the shareholders' equity section of TNL Systems' balance sheet at December 31, 2023, comgaring the two approaches, Assume all net income earned in 2021-2023 was distributed to shereholders as cash dividends: Complete this question by entering your answers in the tabs below. Prepare the entries for both the purchase and subsequent resaie for the above transactions of the stures assuming the shares are retired. If no entry is recuired for a transactionvevent, select "No fournal entry requared" in the fiast sccourt fieid. Eater vour answers i Prepare the entries for both the purchase and subsequent resale for the ahove transactions of the shares assuming thit shares are retired. fif no entry is required for a transaction/deverv, select "No jotallal entry required" in the first account field Enter your answer militions (i.e. 10,000,000 stiduld be entered as 10)i) Journal entry worksheet Record the purchase of 6 million shares at $10 per share assuming the shares are retired. Notel tinter deblits before credits. Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are retired. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account fieid. Enter your answers millions (i.e., 10,000,000 should be entered as 10).) Journal entry worksheet Record the sale of 2 million shares at $12 per share. Note: Enter debits before credits, Prepare the entries for both the purchase and subsequent resale for the above transactions of the shares assuming the shares are retired. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fiels. Enter your answern millions (i,e, , 10,000,000-should be entered as 10).) Journal entry worksheet Record the sale of 2 million shares at $7 per share. Note: Enter debits before creadits