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ABC Company's statement of financial position for the year 2020 show Share capital ordinary Llopar Share premium ordinary Retained earnings 1,500,000 850,000 E250.000 . The following transactions occurred during the year April 2: Bought 5.000 ordinary shares at 16 a share, June 10: Sold 3,000 treasury shares at 19 a share November 10: Sold the remaining 2,000 shares of treasury shares at 10 a share, Required: a Joumalize the transactions of April 2. June 10, and November 10 (Treasury shares are recorded using the cost method), (4 Marks) b. List three reasons why ABC Company might have decided to purchase the treasury shares. (4 Marks)