In $2023,$ the company had the following transactions affecting shareholders and the shareholders' equity accounts:

Jan. $1$ Purchased and retired $2,800$ common shares at $$36$ per share.

$14$ The directors declared an $10\%$ share dividend distributable on February $5$ to the January $30$ shareholders of

record. The shares were trading at $$46\mathrm{.}40$ per share.

$30$ Date of record regarding the $10\%$ share dividend.

Feb. $5$ Date of distribution regarding the $10\%$ share dividend.

July $6$ Sold $5,800$ preferred shares at $$68$ per share.

Sept. $5$ The directors declared a total cash dividend of $$48,007$ payable on $0$ctober $5$ to the September $20$ shareholders

of record.

$0$ct$.5$ The cash dividend declared on September $5$ was paid.

Dec. $31$ Closed the $$473,600$ credit balance in the Profit Summary account to Retained Earnings.

$31$ Closed the dividend accounts.

Required

Prepare journal entries to record the transactions and closings for $2023($assume the retirements were the first ever recorded by Zen

Aerospace$).$ Assume share dividends and cash dividends account is used when dividends are declared. $($If no entry is required for a

transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Prepare the statement of changes in equity for the year ended December $31,2023.($Amounts to be deducted should be indicated

by a minus sign. Round the final answer to the nearest whole dollar.$)$