The shareholders' equity section of the balance sheet of TNL Systems Inc included the following accounts at December 31, 2020 Shareholders Equity Common stock, 360 lion shares at si par Pald.in capital-excess of par Paid in capital-share repurchase tatned earnings ist wions) $360 2:16 2 2,600 Required: 1. During 2021, 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(o) retired and (b) viewed as treasury stock On February 5, 2021, TNL Systems purchased 8 million shares et $10 per shore b On July 9. 2021 the corporation sold 3 million shares at 512 per share Con November 14, 2023 the corporation sold 3 million shores at $7 per share 2. Prepare the shareholders equity section of TNL Systeme balance sheet at December 31, 2023.companing the two approaches Assume all net income earned in 2021-2023 was distributed to shareholders as cash dividends. Prepare the shareholders' equity section of TNL Systems' balance sheet at December 31, 2023, comparing the two approaches. Assume all net income earned in 2021-2023 was distributed to shareholders as cash dividends. (Enter your answers in millions (.e., 10,000,000 should be entered as 10).) Shareholder's Equity (5 in millions) Retirement Treasury stock Paid-in capital Total shareholders' equity 5 ols 0