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Lindo Incorporated has 100 million shares of $1 par common stock authorized. The following actions impacted...

Lindo Incorporated has 100 million shares of $1 par common stock authorized. The following actions impacted Lindo's share balances:

January 4, 2021: Repurchased and retired 1.40 million shares at $8.40 per share.
June 25, 2021: Repurchased and retired 2.40 million shares at $2.40 per share.


At the beginning of the year, before these actions were taken, Lindo's shareholders' equity included the following:

Common stock, 80.40 million shares at $1 par $ 80,400,000
Paid-in capital—excess of par 192,960,000
Retained earnings 124,000,000


Required:
Prepare the journal entries to record the repurchase and retirement of the shares. (Do not round your per share amounts. 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.)

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