Jones Consortium Ltd. is authorized to issue up to 200,000 common shares and can issue 100,000$2 cumulative preferred shares. The company has 37,500 common shares outstanding worth $257,500 and no preferred shares issued. The opening retained earnings balance is $226,000. The company's year-end is December 31 . The following transactions occurred during 2023: REQUIRED: 1) What are the journal entries needed to record the transactions from above? ( 23 marks) 2) Prepare a statement of changes in equity for the year ended 2023. (6 marks) 3) Prepare the equity section as it would be presented in the balance sheet as at December 31 , 2023. (4 marks)