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 Sold 15,000 common shares at $4.75 per share. Aug 22 Sold 20,000 common shares at $5.15 per share. Sept. 5 The directors declared a $0.25 per share cash dividend payable on October 28 to the October 5 shareholders of record. Oct. 28 Dec. 31 Paid the dividend declared on September 5. Closed the $237,300 credit balance in the Income Summary account. Required 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.