On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-518 par value, 5,575 shares authorized, Issued, and outstanding Pald-in capital in excess of par value common stock Retained earnings Total stockholders' equity $ 930,000 321,000 1.232.00 $ 2,283,000 1. Prepare journal entries to record the following transactions for Sherman Systems a. Purchased 7100 shares of its own common stock at $46 per share on October 11 b. Sold 1,525 treasury shares on November 1 for $52 cash per share, c. Sold all remaining treasury shares on November 25 for $45 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 7,100 shares of its own common stock at $46 per share on October 11. b. Sold 1,525 treasury shares on November 1 for $52 cash per share. c. Sold all remaining treasury shares on November 25 for $45 cash per share