Exercise $13-13($Algo$)$ Recording and reporting treasury stock transactions LO P$3$

On October $10,$ the stockholders' equity section of Sherman Systems appears as follows.

Common stock$-$$$10$ par value, $88,000$ shares authorized, issued, and outstanding Paid$-$in capital in excess of par value, common stock Retained earnings

Total stockholders' equity

$\backslash$table$[[$$$880,000$