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Mango designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital...

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Accounting

Mango designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. Mango employs over 92,000 people in the United States. A recent statement of cash flows contained the following information (in millions):

Year 3 Year 2 Year 1
Cash flows from financing activities:
Repurchases of common stock (115.4 ) (399.9 ) 0

2. Assume that Apple resold some of the treasury stock. The shares were originally purchased for $9.1 million and were resold for $10.2 million. Prepare the journal entry to record the sale of the treasury shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

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