On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, 4,150 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 1. Prepare journal entries to record the following transactions for Sherman Systems. . Purchased 5,200 shares of its own common stock at $27 per share on October 11. b. Sold 1,050 treasury shares on November 1 for $33 cash per share. c. Sold all remaining treasury shares on November 25 for $26 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. $ 740,000 226,000 880,000 $ 1,846,000 Required 1 Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,200 shares of its own common stock at $27 per share on October 11. b. Sold 1,050 treasury shares on November 1 for $33 cash per share. c. Sold all remaining treasury shares on November 25 for $26 cash per share. Show less