On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common stock-$10 par value, S, 200 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 880,000 296,000 992,000 $ 2,168,000 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,600 shares of its own common stock at $41 per share on October 11. b. Sold 1,400 treasury shares on November 1 for $47 cash per share. c. Sold all remaining treasury shares on November 25 for $40 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: Required 2 Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 6,600 shares of its own common stock at $41 per share on October 11. b. Sold 1,400 treasury shares on November 1 for $47 cash per share. C. Sold all remaining treasury shares on November 25 for $40 cash per share