Tofu and Eggs Restaurant Ltd. has the following Equity Section in their Financial Statements at the end of December.

Contributed Capital:

Preferred shares, $1.50, unlimited shares authorized,

15,000 shares issued and outstanding........................... $ 186,000

Common shares, unlimited shares authorized,

200,000 shares issued and outstanding......................... 3,000,000

Contributed Capital from

Retirement of common shares........................................ 20,000

Total contributed capital ............................................ $3,286,000

Retained Earnings ...................................................... $ 214,000

Total Equity ............................................................... $3,500,000

In February of 2021 the Board of Directors decides to buy back shares from the open market.

They buy 10,000 shares on February 17th for $20.00 per share. Fill in the values for the following journal.

Common Shares Blank 1

Contributed Capital from

Retirement of common shares Blank 2

Retained Earnings Blank 3

Cash Blank 4