The balance sheet for QuStream Inc. reported the following components of equity on December 31, Shares, Unlimited shares authotized, 100,000 shares issued and outstanding ained earnings $480,000 648,000 Total I The company completed these transactions during 2015: Mar. 2 The directors declared a $0.90 per share cash dividend payable on March 31 to the March 15 shareholders of record. 31 Pald the dividend declared on March 2 Issued 12,000 common shares at $7.80 per share. Issued 8,000 common shares at $5.70 per share. The directors declared a $1.50 per share cash dividend payable on January 2, 2016, to the December 10 shareholders of record. Closed the $321,600 credit balance In the Income Summary account to Retalned Earnings. Nov. 11 25 1 Dec 31 31 Closed the Cash Dividends account Part A Prepare General Journal entries to record the transactions and closings for 20XX. (6 marks) Part B Prepare a statement of changes in equity for the year ended December 31, 20Xx. (4 Marks)