Westcock Shipbuilding Ltd. has a December 31 year end On January 1, 2017, the company had the following shareholder's equity accounts Westcock Shipbuilding Ltd. had the following transactions during 2017: Jan 31 Issued 700 preferred shares at $95 per share. Mar 2 Reacquired 5,000 common shares at $16 a share Jun 28 Announced a 3-for-1 stock split of the common shares. Immediately before the split, the share price was $13 a share. Sep 15 Declared the annual dividend on preferred shares for the shareholders of record on Sep 30, payable on Oct 15. Oct 31 Declared a common share dividend of $0.50 a share for all shareholders of record Nov 30. The dividend is payable on Dec 15. The company reported a profit of $450,000 and other comprehensive income of $15,000 for 2017. Required: a) Prepare journal entries to record all of the transactions. b) Prepare the Statement of Changes in Shareholder's Equity