Ginger Spice Distributors acquired 14,500 shares of its own common shares at a cost of $ 64

Question:

Ginger Spice Distributors acquired 14,500 shares of its own common shares at a cost of $ 64 per share. After six months, Ginger sold half of the shares back in the open market at a price of $ 70 per share. Prepare the journal entries to record the acquisition and disposal of the treasury shares.