On October 10, the stockholders' equity of Sherman Systems appears as follows:
Common stock-$10 par value, 94,000 shares authorized, issued, and outstanding $940,000
Paid-in capital in excess of par value, common stock $326,000
Retained earnings $1,040,000
Total stockholders' equity $2,306,000
Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase.



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