The balance sheet for Bandola Sustainable Seafood Inc. reported the following components of equity on December 31, 2020: Common shares, unlimited shares authorized 150,000 shares issued and outstanding.. $565,000 Retained earnings. 312,000 Total equity. $877,000 In 2020, Bandola had the following transactions affecting shareholders and the equity accounts: Jan. Feb. July Aug. Sept. 10 The directors declared a $2.30 per share cash dividend payable on Feb. 28 to the Feb. 5 shareholders of record. 28 Paid the dividend declared on January 5. 6 Sold 10,000 common shares at $48.50 per share. 22 Sold 20,000 common shares at $51.25 per share. 5 The directors declared a $2.30 per share cash dividend payable on October 28 to the October 5 shareholders of record. 28 Paid the dividend declared on September 5. 31 Closed the $567,300 credit balance in the Income Summary account. Oct. Dec. Required 1. Prepare the journal entries to record the transactions and closings for 2020. 2. Prepare a statement of changes in equity for the year ended December 31, 2020