20 points 3 eBook Hint Print ferences Common stock-510 par value, 85,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $850,00 281.000 968,000 $2,099,000 1. Prepare journal entries to record the following transactions for Sherman Systems. 1. Purchased 6,300 shares of its own common stock at $38 per share on October 11. >. Sold 1,325 treasury shares on November 1 for $44 cash per share. Sold all remaining treasury shares on November 25 for $33 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,300 shares of its own common stock at $38 per share on October 11. b. Sold 1,325 treasury shares on November 1 for $44 cash per share. c. Sold all remaining treasury shares on November 25 for $33 cash per share. Show less