1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 7,300 shares of its own common stock $48 per share on October 11. b. Sold 1,575 treasury shares on November 1 for $54 cash per share. c. Sold all remaining treasury shares on November 25 for $43 cash per share. View transaction list X: 1 Record the purchase of 7,300 shares of its own common stock for $48 cash per share. 3 cash 2 Record the reissue of 1,575 shares of the treasury stock for $54 cash per share. 3 Record the reissue of the remaining shares of the treasury stock for $43 cash per share. Credit Note: = journal entry has been entered 2. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital 0 Total 0 Total stockholders' equity $ 0