On October 10, the stockholders' equity section of Sherman Systems appears as follows Common stock-sle par value, 4,225 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholdersequity $750,000 231,000 888.000 $ 1,869,600 1. Prepare journal entries to record the following transactions for Sherman Systems o. Purchased 5,300 shares of its own common stock at $28 per share on October 11, b. Sold 1075 treasury shares on November 1 for $34 cash per share c. Sold all remaining treasury shares on November 25 for $27 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 i Required 2 Prepare fournal entries to record the following transactions for Sherman Systems. a. Purchased 5,300 shares of its own common stock at $28 per share on October 11. b. Sold 1,075 treasury shares on November 1 for $34 cash per share. c. Sold all remaining treasury shares on November 25 for $27 cash per share. Show less Record the purchase of 5,300 shares of its own common stock for $28 cash per share. Note: Enter debits before credits Transaction General Journal Debit Credit a Record entry Clear entry View general journal Record the reissue of the remaining shares of the treasury stock for $27 cash per share. Note: Enter debits before credits. Transaction General Journal Dobit Credit . Record entry Clear entry View general journal