Please Help ASAP!!!

The balance sheet for Tactex Controls Inc., provincially incorporated in 2021 , reported the following components of equity on December 31, 2022. In 2023 and 2024, the company had the following transactions affecting shareholders and the equity accounts: 2023 Jan. 1 Sold 21,000 common shares at $9.74 per share. 5 The directors declared a total cash dividend of $222,000 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. Feb. 28 Paid the dividends declared on January 5. July 1 Sold preferred shares for a total of $155,900. The average issue price was $20 per share. Dec. 31 closed the dividend accounts along with the $575,900 credit balance in the Income Summary account. 2024 Sept. 5 The directors declared the required cash dividend on the preferred shares and a $0.5 per common share cash dividend payable on October 28 to the October 5 shareholders of record. 2024 Sept. 5 The directors declared the required cash dividend on the preferred shares and a $0.5 per common share cash dividend payable on October 28 to the October 5 shareholders of record. Oct. 28 Paid the dividends declared on September 5. Dec. 31 Closed the Cash Dividends account along with the $542,300 credit balance in the Income Summary account. equired: . Prepare journal entries to record the transactions and closings for 2023 and 2024 . The company uses a cash dividends account to ecord declared dividends