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 261,000 retained earnings 936,000 total stockholders’ equity $ 2,007,000 1. prepare journal entries to record the following transactions for sherman systems. purchased 5,900 shares of its own common stock at $34 per share on october 11. sold 1,225 treasury shares on november 1 for $40 cash per share. sold all remaining treasury shares on november 25 for $29 cash per share.