The balance shee: for Umi Sustainable Seafood inc reported the following components of equity on December 31,2022 In 2023, Umi had the following transactions affecting shareholders and the equity accounts Jan. 5 The directors declared a $3.60 per share cash dividend payable on Feb. 23 to the reb 5 shareholders of record. Feb. 25 Paid the dividend declared on January 5 . July 6 Sold 950 conmon shares at 537,80 per share. Aug. 22 sold 1,450 comon shares at 527,60 per share. Sept. 5 The directors declared a 53.60 per share cash dividend poyable on october 28 to the october 5 shareholders of record. oct. 23 Pold the dividend declared on Septenter 5. Oec. 31 Closed the $346,600 credit balance in the Incore sumary account. 31 Closed the Cash Dividends account Required: 1. Prepare journal entries to record the transactions and closings for 2023 The company uses a Cash Dividends account when dividends are declared Required: 1. Prepare journal entries to record the transactions and closings for 2023 The company uses a Cash Dividends account when dividends are declared Journal entry worksheet 234566738 Record the dividend declared on 19,400 outstanding shares. 2. Prepare a statement of changes in equity for the year ended December 31,2023 (Amounts to be deducted should be indicated by a minus sign.) 3. Prepare the equity section of the corporation's balance sheet as of December 31,2023 (Enter all amounts as positive values.) The balance shee: for Umi Sustainable Seafood inc reported the following components of equity on December 31,2022 In 2023, Umi had the following transactions affecting shareholders and the equity accounts Jan. 5 The directors declared a $3.60 per share cash dividend payable on Feb. 23 to the reb 5 shareholders of record. Feb. 25 Paid the dividend declared on January 5 . July 6 Sold 950 conmon shares at 537,80 per share. Aug. 22 sold 1,450 comon shares at 527,60 per share. Sept. 5 The directors declared a 53.60 per share cash dividend poyable on october 28 to the october 5 shareholders of record. oct. 23 Pold the dividend declared on Septenter 5. Oec. 31 Closed the $346,600 credit balance in the Incore sumary account. 31 Closed the Cash Dividends account Required: 1. Prepare journal entries to record the transactions and closings for 2023 The company uses a Cash Dividends account when dividends are declared Required: 1. Prepare journal entries to record the transactions and closings for 2023 The company uses a Cash Dividends account when dividends are declared Journal entry worksheet 234566738 Record the dividend declared on 19,400 outstanding shares. 2. Prepare a statement of changes in equity for the year ended December 31,2023 (Amounts to be deducted should be indicated by a minus sign.) 3. Prepare the equity section of the corporation's balance sheet as of December 31,2023 (Enter all amounts as positive values.)