On October 10, the stockholders’ equity section of Sherman Systems appears as follows.

Common stock–$10 par value, 88,000 shares authorized, issued, and outstanding $ 880,000
Paid-in capital in excess of par value, common stock 296,000
Retained earnings 992,000
Total stockholders’ equity $ 2,168,000
Prepare journal entries to record the following transactions for Sherman Systems.

Purchased 6,600 shares of its own common stock at $41 per share on October 11.
Sold 1,400 treasury shares on November 1 for $47 cash per share.
Sold all remaining treasury shares on November 25 for $40 cash per share.
Prepare the stockholders' equity section after the October 11 treasury stock purchase.