Hi im stuck here please answer this question in the same format as below

Complete this question by entering your answers in the tabs below. Prepare the entry for each of the transactions given in the requirement above. Assume shares are treasury stock. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in millions. Complete this question by entering your answers in the tabs below. Prepare the shareholders' equity section of National Supply's balance sheet at December 31, 2026, assuming the shares are (a) retired and (b) accounted for as treasury stock. Net income was $16 million in 2024, \$18 million in 2025 , and \$20 million in 2026. No dividends were paid during the three-year period. Note: Enter your answers in whole dollars and not in millions. National Supply's shareholders' equity included the following accounts at December 31, 2023 : Required: 1. National Supply reacquired shares of its common stock in two separate transactions and later sold shares. Prepare the entries for each of the transactions under each of two separate assumptions: the shares are (a) retired and (b) accounted for as treasury stock. February 15, 2024 Reacquired 400,000 shares at \$10 per share. February 17, 2025 Reacquired 400,000 shares at $7.50 per share. November 9, 2026 Sold 275,000 shares at \$9 per share (assume FIFO cost). 2. Prepare the shareholders' equity section of National Supply's balance sheet at December 31,2026 , assuming the shares are (a) retired and (b) accounted for as treasury stock. Net income was \$16 million in 2024, \$18 million in 2025, and \$20 million in 2026. No dividends were paid during the three-year period. Complete this question by entering your answers in the tabs below. Prepare the entry for each of the transactions given in the requirement above. Assume shares are retired. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars and not in millions