Exercise 13-10: Transactions regarding Treasury Stock: GIVEN: On October 10, the stockholders' equity section of the Sherman Corp appears as follows: Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, Common Stock Retained earnings Total stockholders' equity $ $ $ $ 800,000 256,000 928,000 1,984,000 REQUIRED: Part 1) Prepare the following Journal Entries: 1) Purchased 5,800 shares of its own common stock at $33 per share on October 11. 2) Sold 1,200 treasury shares on November 1 for $39 cash per share. 3) Sold all remaining treasury shares on November 25 for $28 cash per share. chase 21 Prepare the revised equity section of its BS after the October 11 Treasury Stock REQUIRED: Part 2) Prepare the revised eg Revised SE section of the Balance Sheet after October 11: Common stock, $10 par Paid-in capital in excess of par value, common stock Total contributed capital Retained earnings Total Less: Cost of treasury stock Total stockholders' equity