The balance sheet for Umi Sustainable Seafood inc reported the following components of equity on December 31,2019 . In 2020. Umi had the following transactions affecting shareholders and the equity accounts: Jan. 5 the directors declared a 53.50 per share cash dividend payabie on feb. 28 to the Feb. I shareholders of record. Feb; 28 Paid the dividend deciared on January 5. July 6 Sold 980 comon shares at 338 , 70 per share. Aug. 22 sold 1,460 common shares at $27.50 per share. Sept. 5 The directors declared a 33.50 per share cash dividend payable on october ab to the. actober 5 shareholders of recard. oct. 28 paid the dividend declared on September 5 . Dec. 31 closed the \$347, sed credit balance in the Incone Sumzary accouat. 31 Closed the Cash Dividends account. Required: 1. Prepare journalientries to record the transactions and closings for 2020. The company uses a Cash Dividends account when dividends are declared. Journal entry worksheet 45678 Record the dividend declared on 20.300 outstanding shares. 2. Prepare a statement of changes in equity for the year ended December 31, 2020. (Amounts to be deducted should be Indicated by o minus slgn.) 3. Prepare the ecuity section of the corporations balance sheet as of December 31. 2020. (Enter all amounts os positlve velues.)