The shareholders' equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2015: Shareholders' Equity (S in millions) $ 350 3,150 Common stock, 350 million shares at $1 par Paid-in capital-excess of par Paid-in capital-share repurchase Retained earnings 2,500 Required 1. During 2016, 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. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) a. On February 5, 2016, TNL Systems purchased 9 million shares at $12 per share b. On July 9, 2016, the corporation sold 3 million shares at $14 per share. c. On November 14, 2018, the corporation sold 3 million shares at $9 per share