On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 91,000 shares authorized, issued, and outstanding $ 910,000 Paid-in capital in excess of par value, common stock 311,000 Retained earnings 1,016,000 Total stockholders’ equity $ 2,237,000 1. Prepare journal entries to record the following transactions for Sherman Systems. Purchased 6,900 shares of its own common stock at $44 per share on October 11. Sold 1,475 treasury shares on November 1 for $50 cash per share. Sold all remaining treasury shares on November 25 for $39 cash per share. -Record the purchase of 6,900 shares of its own common stock for $44 cash per share. -Record the reissue of 1,475 shares of the treasury stock for $50 cash per share. -Record the reissue of the remaining shares of the treasury stock for $39 cash per share.