The shareholders' equity section of the balance sheet of TNL Systems Incorporated Included the following accounts

at December $31,2023$:

Requlred:

During $2024,$ TNL Systems reacquired shares of Its common stock and later sold shares in two separate

transactions. Prepare the entrles for both the purchase and subsequent resale of the shares assuming the shares

are $($a$)$ retired and $($b$)$ vlewed as treasury stock.

a$.$ On February $5,2024,$ TNL Systems purchased $6$ million shares at $$11$ per share.

b$.$ On July $9,2024,$ the corporation sold $2$ million shares at $$13$ per share.

c$.$ On November $14,2026,$ the corporation sold $2$ million shares at $$8$ per share.

Prepare the shareholders' equity section of TNL Systems' balance sheet at December $31,2026,$ comparing the

two approaches. Assume all net Income earned in $2024-2026$ was distributed to shareholders as cash

dividends.

Complete this question by entering your answers in the tabs below.

Prepare the shareholders' equity section of TNL Systems' balance sheet at December $31,2026,$ comparing the two

approaches. Assume all net income earned in $2024-2026$ was distributed to shareholders as cash dividends.

Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$