The balance sheet for Umi Sustainable Seafood inc. reported the following components of equity on December 31,2022 . In 2023, Umi had the following transactions affecting shareholders and the equity accounts: Jan. 5. The directors declared a $3.30 per share cash dividend payable on Feb. 28 to the Feb. 5 shareholders of record. Feb. 28 Paid the dividend declared on Jonuary 5. July 6 sold 800 common shares at $38,50 per share. Aug. 22 sold 1,300 common shares at $27.30 per share. Sept. 5 The directors declared a $3.30 per share cash dividend payable on october 28 to the October 5 shareholders of record. oct. 28 Paid the dividend declared on September 5 . Dec. 31 Closed the $347,300 credit balance in the Incone sumnary account. 31 closed the Cash Dividends account. Required: 1. Prepare journal entries to record the transactions and closings for 2023 . The company uses a Cash Dividends account when dividends are declared. Requlred: 1. Prepare journal entries to record the transactions and closings for 2023 . The company uses a Cash Dividends account when divdends are declared. Journal entry worksheet 345678> Record the dividend declared on 20,100 outstanding shares. Note: Enter debits before credits. 2. Prepare a statement of changes in equity for the year ended December 31, 2023. (Amounts to be deducted should be Indicated by a minus sign.) 3. Prepare the equity section of the corporation's balance sheet as of December 31,2023 (Enter all omounts as positive values.)