The balance sheet for Tactex Controls Inc., provincially incorporated in 2021, reported the following components of equity on December 31, 2022 Contributed capital: Tactex Controls Inc. Equity Section of the Balance Sheet December 31, 2022 Preferred shares, $2.3 cumulative, unlimited shares authorized; 22,000 shares issued and outstanding Common shares, unlimited shares authorized; 77,000 shares issued and outstanding Total contributed capital Retained earnings es Total equity $ 394,000 737,000 $1,131,000 380,000 $1,511,000 In 2023 and 2024, the company had the following transactions affecting shareholders and the equity accounts: 2023 Jan. Feb. July Dec. 2024 1 Sold 32,000 common shares at $10.84 per share. 5 The directors declared a total cash dividend of $233,000 payable on Feb. 28 to the Feb. 5 shareholders of record. Dividends had not been declared for the years 2021 and 2022. All of the preferred shares had been issued during 2021. 28 Paid the dividends declared on January 5. 1 Sold preferred shares for a total of $157,000. The average issue price was $25 per share. 31 Closed the dividend accounts along with the $577,000 credit balance in the Income Summary account. Sept. 5 The directors declared the required cash dividend on the preferred shares and a $1.6 per