Please answer journal parts 1 2 3 completely

shareholders' equity section of the balance sheet of TNL Systems inc. included the following accounts at December 31, 2017 (s in millions) $ 360 2,160 Shareholders' Equity Common stock, 360 million shares at si par Paid-in capital-excess of par Paid-in capital-share repurchase Retained earnings 2,600 Required: 1. During 2018, TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the entriesfor both the purchase and subseque nt resale of the shares assuming the shares are (a) retired and (b) viewed as treasury stock. a. On February 5, 2018, TNL Systems purchased 8 million shares at $10 per share. b. On July 9, 2018, the corporation sold 3 million shares at $12 per share. c. On November 14, 2020, the corporation sold 3 million shares at $7 per share. 2. Prepare the shareholders'equity section of TNL Sy Assume all net income earned in 2018-2020 was distributed to shareholders as cash dividends. stems' balance sheet at December 31,2020, comparing the two approaches Complete this question by entering your answers in the tabs below. Req 1A Prepare the entries for both your answers in millions (i.e., 10,000,000 should be entered as O.) Req 18 Req 2 the purchase and subsequent resale for the above transactions of the shares assuming the shares y is required for a transaction/event, select "No journal entry required" in the first account field. Enter