omework 5ived Help Save & E Chi B Exercise 11-12 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. ok Connon stock-$10 par value, 86,800 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 860,000 286,000 976,800 $2,122,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,400 shares of its own common stock at $39 per share on October 11 b. Sold 1,350 treasury shares on November 1 for $45 cash per share. c. Sold all remaining treasury shares on November 25 for $34 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. Membulford Home amo.00 MOLUL mework Saved The plant assets section of the comparative balance sheets of Anders Company is reported below. ANDERS COMPANY Comparative Balance Sheets 2019 2018 Plant assets Equipment Accumulated depreciation-Equipment Equipment, net Buildings Accumulated depreciation-Buildings Buildings, net $ 200,000 (108,000) $ 92,000 $ 400,000 (112,000) $ 288,000 $ 290,000 (218,000) $ 72,000 $ 420,000 (297,000) $ 123,000 QS 12-11 Computing investing cash flows LO P3 During 2019, a building with a book value of $74,000 and an original cost of $320,000 was sold at a gair of $64,000. 1. How much cash did Anders receive from the sale of the building? 2. How much depreciation expense was recorded on buildings during 2019? 3. What was the cost of buildings purchased by Anders during 2019? 1. 2 3. Cash received from the sale of building Depreciation expense Purchase of building