Cal Cookie Company (CCC) Has 100 Million Shares of $1

Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares.
January 4, 2009: Repurchased and retired 1 million shares at $8 per share.
June 25, 2009: Repurchased and retired 2 million shares at $2 per share.
Prior to the transactions, CCC's shareholders' equity included the following:
Required:
Record entries for the above transactions.
$$\begin{array} { l r } \text { Common stock, } 80 \text { million shares at } \$ 1 \text { par } & \$ 80,000,000 \\\text { Paid-in capital excess of par } & 160,000,000 \\\text { Retained earnings } & 120,000,000\end{array}$$