On october 10, the stockholders’ equity of sherman systems appears as follows: common stock–$10 par value, 72,000 shares authorized, issued, and outstanding $ 720,000 paid-in capital in excess of par value, common stock 216,000 retained earnings 864,000 total stockholders’ equity $ 1,800,000 1. prepare journal entries to record the following transactions for sherman systems. a. purchased 5,000 shares of its own common stock at $25 per share on october 11. b. sold 1,000 treasury shares on november 1 for $31 cash per share. c. sold all remaining treasury shares on november 25 for $20 cash per share.