On October $10,$ the stockholders equity section of Sherman Systems appears as follows. Common stock$$10$ par value, $92,000$ shares authorized, issued, and outstanding$ $920,000$Paid$-$in capital in excess of par value, common stock$316,000$Retained earnings$1,024,000$Total stockholders equity$ $2,260,000$Prepare journal entries to record the following transactions for Sherman Systems.Purchased $7,000$ shares of its own common stock at $$45$ per share on October $11.$Sold $1,500$ treasury shares on November $1$ for $$51$ cash per share.Sold all remaining treasury shares on November $25$ for $$44$ cash per share.Prepare the stockholders' equity section after the October $11$ treasury stock purchase.