Genesee Inc. has $100,000$ shares of $$1$ par common stock outstanding as of January $1,2020.$

Assume that the "Paid$-$in Capital $-$ Treasury Stock" account has a zero balance as of January $1,2020($the beginning of the year$).$ The following transactions affect stockholders' equity during $2020$:

January $31,2020$: Purchased common stock to hold as treasury shares, $3,200$ shares at $$45$ per share.

September $15,2020$: Resold shares held as treasury stock, $800$ shares at $$47$ per share.

December $20,2020$: Resold shares held as treasury stock, $500$ shares at $$40$ per share.

Prepare the journal entry to record the sale of the $500$ treasury shares on December $20,2020.$ In writing the journal entry, add the abbreviation $($DR$)$ after debits, and the abbreviation $($CR$)$ after credits. For example, if the transaction is that Xerox buys equipment on account for $$100,$ your response would be:

Equipment $$100($DR$)$

Accounts Payable $$100($CR$)$