On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 85,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 850,000 281,000 968,000 $2,099,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,300 shares of its own common stock at $38 per share on October 11. b. Sold 1,325 treasury shares on November 1 for $44 cash per share. c. Sold all remaining treasury shares on November 25 for $33 cash per share. 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,300 shares of its own common stock at $38 per share on October 11. b. Sold 1,325 treasury shares on November 1 for $44 cash per share. c. Sold all remaining treasury shares on November 25 for $33 cash per share. Show less General Journal Credit No 1 Transaction a. Debit 239,400 Treasury stock Cash 239,400 b. Cash 58,300 Paid-in capital, treasury stock Treasury stock 7,950 50,350 Cash Paid-in capital, treasury stock Retained earnings Treasury stock Required 1 Required 2 > & Answer is not complete. 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 Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity $ 0