Exercise 8- Chapter 18- 20 Points Cal Cookie Company (CCC) has 100 milion shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares January 4, 2016: Repurchased and retired 1 million shares at s8 per share. June 25, 2016: Repurchased and retired 2 million shares at $2 per share. Prior to the transactions, CCC's shareholders' equity included the following $80,000,000 Common stock, 80 million shares at $1 par Paid-in capital-excess of par Retained earnings 160,000,000 120,000,000 Required Record entries for the above transactions