The balance sheet for Benson Inc. reported the following components of equity on December 31, 2014 Common shares, unlimited shares authorized, 20,600 shares issued and outstanding $459,100 Retained earnings 269,400 Total equity $728,500 In 2015, Benson Inc. had the following transactions affecting shareholders and the equity accounts: January 9 The directors declared a $5 per share cash dividend payable on February 28 to the February 9 shareholders of record. February 28 Paid the dividend declared on January 9, July 6 Sold 757 common shares at $46 per share. August 19 Sold 1,248 common shares at $35 per share. September 9 The directors declared a $5 per share cash dividend payable on October 30 to the October 9 shareholders of record. October 30 Paid the dividend declared on September 9. December 31 Closed the $433,600 credit balance in the Income Summary account. December 31 Closed the Cash Dividends account. a) Prepare journal entries to record the transactions and closings for 2015. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and for decrease. For example, if an account decreases equity, choose -Equity'. General Journal Page Gj1 Effect On Date Account/Explanation F Debit Credit Balance Sheet + + b) Prepare a statement of changes in equity for the year ended December 31, 2015. Please make sure your final answer(s) are accurate to the nearest whole number. (select one) Statement of Changes in Equity (select one) Common Retained Total Shares Earnings Equity