The balance sheet for Tactex Controls Inc, provincially incorporated in 2021, teported the following components of equity on December 31,2022 In 2023 and 2024, the company had the following transactions alfecting shareholders and the equity accounts: ze23 Jah. I soId 35 , 099 comoe shares at s11.14 per share. 5 The directors declered a total cosh dividend of $236,000 payabie on feb. 25 to the fab. 5 shareholders of record. Dividends had not been declared for the years 2021 and 2622.A11 of the preferred shares bad been 1ssued during 2021 Feb. 26 Paid the dividends declared on January 5. Fuly 1 Sold preferred shares for a total of 9157,300 . The average issue pricel was 520 per share. Dec. I1 Closed the dividend accounts along with the 5577 , 30e credit balace in the incoef sumacy Sept: 5 The directors declared the required cash dividend on the preferted khares and a kh. hi per commoo share cash dividend peyable on october 26 to the octaber 5 , shoceholderd of record. Get. 28 Poid the dividends declared on September 3 bec. 21 closes the Cosh pividends acroupt olong with the 5543,700 credit bolance in the trikgee Suneary aceount. 2. Preoare a statement of changes in equity for the year ended December 3t, 2024. (Amounts to be deducted should be inticated by A. minus slign? 3. Prepaie the equity section of the company's bolance sheet as of December 31,2024 3. Prepare the equity section of the company's balance sheet as of December 31,2024 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: 2024 3all. 1 sold 35,000 common shares at $11,14 per share. 5 The directors declared a total cash dividend of 5236,000 payable on feb. 28 to the Feb. 5 shareholders of record. Dividends had not beeo declared for the yeors 2021 and 2022. All of the preferred shares had been issued during 2021. Fel. 28 Paid the dividends declared on Jonuary 5 . July 1 sold preferred shares for a total of $152,300. The average issue price was $20 per share. Dec. 21 Closed the olvidend occounts along with the $577,300 credit balance in the Incone Sumnary gecount. Sept. 5. The direstors declared the requfred cash dividend on the prefarred shares and a 31.9 pec comon share cosh dividend poybble on october 28 to the octoben 5 shaceholdecs of record. Oct. 25 Peld the dividends declared on septenbert 5. Dec. 31 Cloeed the Cash DIvidends occount along with the $543,790 credit balance in ehe Ineose Summary account: 2. Prepare a statement of changes in equity 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
