The statement of retained earnings of Gary Larson Publishers is presented below. GARY LARSON PUBLISHERS Statement of Retained Earnings. For the Year Ended December 31, 2021 ($ in millions) Retained earnings, January 1 Add: Net income Deduct: Cash dividend. Stock dividend (1 million shares of $1 par common stock) Property dividend (Garfield Company preferred stock held as a short-term investment) Sale of treasury stock (cost $44 million) Retained earnings, December 31 $235 95 (15) (18) (16) (15) $266 Required: For the transactions that affected Larson's retained earnings, reconstruct the journal entries that can be used to determine cash flows to be reported in a statement of cash flows. (If no entry is required for a transaction/event, 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).) View transaction list Journal entry worksheet < Record the sale of treasury shares. Note: Enter debits before credits. 5 Event General Journal Debit Credit 5 Cash Retained earnings Treasury stock Record entry Clear entry View general journal