Check my work On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 77,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings 770,000 241,000 904,000 Total stockholders' equity $1.915,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,500 shares of its own common stock at $30 per share on October 11. b. Sold 1125 treasury shares on November 1 for $36 cash per share. c Sold all remaining treasury shares on November 25 for $25 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 l Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,500 shares of its own common stock at $30 per share on October 11, b. Sold 1,125 treasury shares on November 1 for $36 cash per share. c. Sold all remaining treasury shares on November 25 for $25 cash per share Show less A View transaction list Journal entry worksheet EX Record the purchase of 5,500 shares of its own common stock for $30 cash per share. 2 Record the reissue of 1,125 shares of the treasury stock for $36 cash per share. 3 Record the reissue of the remaining shares of the treasury stock for $25 cash per share. Credit Note: = journal entry has been entered Record entry Clear entry View general journal a. Purchased 5,500 shares of its own common stock at $30 per share on October 11 b. Sold 1,125 treasury shares on November 1 for $36 cash per share. c. Sold all remaining treasury shares on November 25 for $25 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 the stockholders' equity section after the October 11 treasury stock purchase. Revised Equlty Section of Balance Sheet After October 11 Total contributed capital 0 Total $ 0 Total stockholders' equity Required 1