Need help with # 2 please. The shareholders equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2020:

Shareholders' Equity	($ in millions)
Common stock, 230 million shares at $1 par	$	230
Paid-in capitalexcess of par		1,840
Paid-in capitalshare repurchase		1
Retained earnings		1,400

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 (a) retired and (b) viewed as treasury stock.

1. On February 5, 2021, TNL Systems purchased 6 million shares at $11 per share.
2. On July 9, 2021, the corporation sold 2 million shares at $13 per share.
3. On November 14, 2023, the corporation sold 2 million shares at $8 per share.

2. Prepare the shareholders equity section of TNL Systems balance sheet at December 31, 2023, comparing the two approaches. Assume all net income earned in 20212023 was distributed to shareholders as cash dividends.

Shareholder's Equity	($ in millions)
	Retirement	Treasury stock
Paid-in capital:
Common stockselected answer correct	not attempted	$230selected answer correct
Paid-in capital - excess of parselected answer correct	not attempted	1,840selected answer correct
Retained earningsselected answer correct	not attempted	1,399selected answer correct
Less: Treasury stockselected answer correct	0selected answer correct	(22)selected answer correct
Total shareholders equity	$0	$3,447