The PTC Co. Ltd. has a share capital of 15.00.000, comprising 1.00.000 equity shares of 10 each and 50,000 8% preference shares of 10 each, both of which fully called up and paid up. The company has sufficient general reserve to its credit to enable it to comply with the legal formalities connected with buy-back of shares. It decides to buy-back 20% of its equity share capital at 9 per share. Record the transactions in the books of the company