On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 73,800 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 730,000 221, 872,000 $1,823,000 25:06 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,100 shares of its own common stock at $26 per share on October 11. b. Sold 1,025 treasury shares on November 1 for $32 cash per share. c. Sold all remaining treasury shares on November 25 for $21 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. Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems, a. Purchased 5,100 shares of its own common stock at $26 per share on October 11. b. Sold 1,025 treasury shares on November 1 for $32 cash per share. c. Sold all remaining treasury shares on November 25 for $21 cash per share. On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock $10 par value, 73, 800 shares authorized, issued, and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity 01:24:14 $ 730,000 221,000 872,000 $1,823,000 eBook 1. Prepare journal entries to record the following transactions for Sherman Systems Print a. Purchased 5,100 shares of its own common stock at $26 per share on October 11. b. Sold 1025 treasury shares on November 1 for $32 cash per share. c. Sold all remaining treasury shares on November 25 for $21 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. 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 O a. Purchased 5,100 shares of its own common stock at $26 per share on October 11. b. Sold 1.025 treasury shares on November 1 for $32 cash per share. c. Sold all remaining treasury shares on November 25 for $21 cash per share. 142 2. Prepare the stockholders' equity section after the October 11 treasury stock purchase. 8012331 Complete this question by entering your answers in the tabs below. BOOK 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