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17 10.00 points Bomer Communications arsicles of incorporation authorized the issuance of 155 million common shares The transactions described below effected changes in Bomer's outstanding shares. Prior to the transactions, Borner's shareholders' equity included the following Shareholders Equity Common stock, 140 million shares at $1 par Paid-in capital excess of par Retained eamings $140 Assuming that Bomer Communications authorized but unissued shares), record the appropriate n retires shares it reacquires (restores their status to that of no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions0., 10,000,000 should be entered as 10 1On January 7, 2016, Borner reacquired 2 milion shares at $5.50 per share. 2. On ust 23, 2016, Bomer reacquired 4 milion shares at S3 00 per share. 3. On July 25, 2017, Bomer sold 3 million common shares at $6 per share. View transaction ist View journal entry worksheet General Journal /1Januar ur. Treasury stock Retained eamings 9,000,000 11,000,000 Treasury stock Retained eamings 4,000,000 2016 8,000,000 12,000,000 3 July 25, 2017 Cash 18,000,000 15,000,000 Common stock 3,000,000 L: 2 3 4 6