Journal entry worksheet 34 Zen Aerospace Corporation reported the following equity account balances on December 31,2022 : In 2023, the company had the following transactions affecting shareholders and the shareholders' equity accounts: Jan. 1 Purchased and retired 3,900 comnon shares at 596 per share. 14 The directors declared an 118 share dividend distributable on february 5 to the january 30 shareholders of record. The thares were trading at $47,50 per share. 3e Date of record regarding the 118 share dividend. Feb. 5 Date of distribution regarding the 111 share dividend. july 6 sold 6,909 preferred shares at $79 per share. sept. 5 The directors declared a total cash dividend of $48, els payable on October 5 to the september 20 shareholders of record. oct. 5 The cash dividend declared on Septenber 5 was paid. Dec. II Closed the $484,600 credit balance in the Profit Sumary account to Retoined Earnings. 31 Cloied the dividend accounts. Required: 1. Prepare journal entries to record the transactions and closings for 2023 lassume 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.) 2. Prepare the statement of changes in equity for the year ended December 31,2023 . (Negative answers should be indicated by a minus sign. Round the final answer to the nearest whole dollar.)