Share Transactions, Dividends, Statement of Changes in Equity (35 marks) The balance sheet for Bandola Sustainable Seafood Inc. reported the following components of equity on December 31, 2021: Common shares, unlimited shares authorized 120,000 shares issued and outstanding Retained earnings Total equity $540,000 265,000 $805,000 In 2022, Bandola had the following transactions affecting shareholders and the equity accounts: 10 The directors declared a $0.50 per share cash dividend payable on Feb. 15 to the Feb. 5 shareholders of record. Jan. Feb. 15 Paid the dividend declared on January 10. July 6 Aug. Sept. 5 The directors declared a $0.25 per share cash dividend payable on October 28 to the October 5 shareholders of record. Oct. Sold 15,000 common shares at $4.75 per share. 22 Sold 20,000 common shares at $5.15 per share. Dec. Required 28 Paid the dividend declared on September 5. 31 Closed the $237,300 credit balance in the Income Summary account. 1. Prepare the journal entries to record the transactions and closings for 2022. 2. Prepare a statement of changes in equity for the year ended December 31, 2022. Share Transactions, Dividends, Statement of Changes in Equity (35 marks) The balance sheet for Bandola Sustainable Seafood Inc. reported the following components of equity on December 31, 2021: Common shares, unlimited shares authorized 120,000 shares issued and outstanding Retained earnings Total equity $540,000 265,000 $805,000 In 2022, Bandola had the following transactions affecting shareholders and the equity accounts: 10 The directors declared a $0.50 per share cash dividend payable on Feb. 15 to the Feb. 5 shareholders of record. Jan. Feb. 15 Paid the dividend declared on January 10. July 6 Aug. Sept. 5 The directors declared a $0.25 per share cash dividend payable on October 28 to the October 5 shareholders of record. Oct. Sold 15,000 common shares at $4.75 per share. 22 Sold 20,000 common shares at $5.15 per share. Dec. Required 28 Paid the dividend declared on September 5. 31 Closed the $237,300 credit balance in the Income Summary account. 1. Prepare the journal entries to record the transactions and closings for 2022. 2. Prepare a statement of changes in equity for the year ended December 31, 2022.