13-10 On October 10, the stockholders' equity section of Sherman Systems appears as follows: Com. stock - $10 par value, 72,000 shares authorized, issued and outstanding $720,000 Paid-in capital in excess of par value, common stock 216,000 Retained earnings 864,000 Total stockholders' equity $1,800,000 1. Prepare journal entries to record the following transactions for Sherman Systems: a. Purchased 6,000 shares of its own company's stock at $25 per share on October 11. b. Sold 2,000 treasury shares on November 1 for $31 cash per share. c. Sold all remaining treasury shares on November 25th for $19 cash per share. 13-11 The following information is available for Amos Company for the year ended December 31, 2017. a. Balance of retained earnings, December 31, 2016, prior to discover of error, $1,475,000. b. Cash dividends, declared and paid during 2017, $50,000. c. The company forgot to record 2015 depreciation expense of $45,000, which is net of $4,000 in tax benefits. c. The company earned $220,000 in 2017 net income. Prepare a 2017 statement of retained earnings for Amos Company. 13-12 Ecker Company reports $2,500,000 of net income for 2017 and declares $399,400 on its preferred stock for 2017. At the end of 2017 the company had 652,000 weighted average shares of common stock. 1. What amount of net income is available to common stockholders for 2017? 2. What is the company's basic EPS for 2017