work Required i Saved Exercise 13-12 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. Common stock-$10 par value, 81,000 shares authorized, issued, and outstanding $ 810,000 Paid-in capital in excess of par value, common stock Retained earnings 261,000 936,000 Total stockholders' equity $2,007,000 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,900 shares of its own common stock at $34 per share on October 11. b. Sold 1,225 treasury shares on November 1 for $40 cash per share. c. Sold all remaining treasury shares on November 25 for $29 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. 317.JPG 136976014 17964.png there to search E FI A- + F3 @ # < Prev 12 of 12 Next L O X C F5 FO F7 FB FB F10 $ % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the stockholders' equity section after the October 11 treasury stock purchase. Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equity jpg re to search F1 136976014_17964.png E Required 1 0 0 $ 0 < Prev 12 of 12 Next L FR A+ X F4 C 2 @ W #3 E $ 4 R 6 F5 F6 17 FB F9 F10 F11 % 95 6 & 7 8 9 0 T Y