the balance sheet of tropical way limited reported the following components of equity on dec $31,2023$

Common shares, unlimited shares

Retained earnings $-$ $$220,000$

Total equity $($common shares and retained earnings$)=$$$592,000$

In $2023,$ Tropical Way Limited $($TWL$)$ had the following transactions affecting shareholders and the equity accounts:

Jan. $5$ The directors declared a $$3\mathrm{.}60$ per share cash dividend payable on Feb. $28$ to the Feb. $5$ shareholders of record.

Feb. $28$ Paid the dividend declared on January $5.$

Jul. $6$ Sold $950$ common shares at $$38\mathrm{.}80$ per share.

Aug. $22$ Sold $1,450$ common shares at $$27\mathrm{.}60$ per share.

Sept. $5$ The directors declared a $$3\mathrm{.}60$ per share cash dividend payable on October $28$ to the October $5$ shareholders of record. october $28.$ paid the dividends declared on sep $5.$

dec $31.$ closed the $347600$ credit balance in the income summary account.

dec $31.$ closed the cash dividends account.

requored:

prepare the journal entry to record the transanctions and closing for $2023.$ the company uses a cash dividend account when dividends are declared.