*Treasury Shares
at December 31, 2019, Ukraine Ltd The Following Transactions Occurred During 2020:
1

*Treasury shares
At December 31, 2019, Ukraine Ltd.'s statement of financial position reported the following:

$\begin{array}{l}\text { Common shares, no par value, } 5,000 \text { shares outstanding ...................... } \$ 115,000 \\\text { Retained earnings................................................................................ } \ 200,000 \\\end{array}$
The following transactions occurred during 2020:
1. Purchased 140 common shares at $ 30 per share, to be held as treasury shares
2. Sold 120 treasury shares at $ 32 per share
3. Retired the remaining treasury shares
Instructions
Prepare journal entries for these transactions.