The balance sheet for Tactex Controls Inc., provincially incorporated in 2021, reported the following components of equity on December 31, 2022 In 2023 and 2024 the company had the following transactions affecting shareholders and the equity accounts 2023 Jan. 1 Sold 29 , e0e comon shares at 510,54 per share. 5 The dircctors declared a total cash dividend of $230,000 payable on Feb. 28 to the Feb. 5 shareholcers of record. Dividends had not been declared for the years 2021 and 2022 Al1 of the preferred shares had been issued during 2021. Feb. 28 Paid the dividends declared on January 5. July 1 Sold preferred shares for a total of $156,700. The average issue price was 520 per share, Dec. 31 Closed the dividend accounts along with the 3576,700 credit balance in the Inceme sumary 2024 account. Sept. 5 The directors declared the required cash divadend on the preferred shares and a $1.3 per comon share cash dividend payable on october 28 to the October 5 shareholders of record. oct, 28 paid the dividends declared on Septenber 5. Dec. 31 Closed the Cash Dividends account along with the $543,100 credit balance in the Incose 1. Prepare joumal entries to record the transsctions and closings for 2023 and 2024 . The company uses a cosh oivdends account to record deciared dividends Journal entry worksheet 2. Prepare a statement of changes in equiry for the year ended December 31, 2024 (Amounts to be deducted should be indicated by a minus sign.) 3. Prepare the equity section of the company's balance sheet as of December 31,2024