The shareholders equity section of the balance sheet of TNL Systems Incorporated included the following accounts at December 31, 2023: Shareholders' Equity ($ in millions) Common stock, 390 million shares at $1 par $ 390 Paid-in capitalexcess of par 3,510 Paid-in capitalshare repurchase 2 Retained earnings 2,900 Required: During 2024, TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (a) retired and (b) viewed as treasury stock. On February 5, 2024, TNL Systems purchased 9 million shares at $14 per share. On July 9, 2024, the corporation sold 4 million shares at $16 per share. On November 14, 2026, the