I need help to answer the requirements of the Problem. 1.) Prepare Journal Entries to record the transactions and closings for 2015.

2) Prepare a statement of changes in equity for the year ended December 31, 2015.

3) Prepare the equity section of the corporation's balance sheet as of December 31, 2015.

CHECK FIGURES: 2. Retained earnings December 31, 2015 $428,800 3. Total equity = $859,600 Problem 13-6A Share transactions, dividends, statement of changes in equity LO2.3,4,5,6 The balance sheet for Umami Sustainable Seafood Inc. reported the following components of equity on December 31, 2014: Common shares, unlimited shares authorized, 20,000 shares issued and outstanding Retained earnings.. $368,000 216,000 $584,000 Total equity... In 2015, Umami had the following transactions affecting shareholders and the equity accounts: 5 The directors declared a $3.20 per share cash dividend payable on Feb. 28 Jan. to the Feb. 5 shareholders of record. 28 Paid the dividend declared on 6 Sold 750 common shares at $38.40 per share. 22 Sold 1,250 common shares at $27.20 per share. 5 The directors declared a $3.20 per share cash dividend payable on Oct. 28 to the Oct. 5 shareholders of record. 28 Paid the dividend declared on September 5 31 Closed the $347,200 credit balance in the Income Summary account Closed the Cash Dividends account Feb. January 5. July Aug. Sept. Oct. Dec. 31 Required 1. Prepare journal entries to record the transactions and closings for 2015. 2. Prepare a statement of changes in equity for the year ended December 31, 2015 3. Prepare the equity section of the corporation's balance sheet as of December 31, 2015 Analysis Component: Explain the relationship between assets and retained earnings; use your answer in Part 3 above as part of the explanation