e balance sheet for Tactex Controls Inc., provincially incorporated in 2021, reported the following co cember 31, 2022. 2023 and 2024 , the company had the following transactions affecting shareholders and the equity ac 2023 an. 1 Sold 24,000 common shares at $10.04 per share. 5 The directors declared a total cash dividend of $225,000 payable on Feb. 28 to the Feb. 5 shareholders of record. Dividends had not been declared for the years 2021 and 2022 . All of the preferred shares had been issued during 2021. eb. 28 Paid the dividends declared on January 5. uly 1 Sold preferred shares for a total of $156,200. The average issue price was $25 per share. ec. 31 Closed the dividend accounts along with the $576,200 credit balance in the Income summary e balance sheet for Tactex Controls Inc., provincially incorporated in 2021, reported the following co cember 31, 2022. 2023 and 2024 , the company had the following transactions affecting shareholders and the equity ac 2023 an. 1 Sold 24,000 common shares at $10.04 per share. 5 The directors declared a total cash dividend of $225,000 payable on Feb. 28 to the Feb. 5 shareholders of record. Dividends had not been declared for the years 2021 and 2022 . All of the preferred shares had been issued during 2021. eb. 28 Paid the dividends declared on January 5. uly 1 Sold preferred shares for a total of $156,200. The average issue price was $25 per share. ec. 31 Closed the dividend accounts along with the $576,200 credit balance in the Income summary