X-cell Inc. had the following balances in its equity accounts at December 31, 2014. Common shares, unlimited shares authorized 45,000 shares issued, and outstanding... Retained earnings. $450,000 265.000 During 2015, the following equity transactions occurred: a. January 8: The board of directors declared a 2:1 share split on this date. b. March 30: A5% share dividend was declared when the market value was $15 per share, to be paid on June 27. C. June 27 : Date of distribution regarding the 5% share dividend. d. December 31: Closed the dividend account. e. December 31: Closed the Income summary account, which has a credit balance of $95,000. a) Prepare journal entries to account for the transactions during 2015. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). General Journal Page Gj1 Date Account/Explanation F Debit Credit b) Prepare the company's statement of changes in equity for the year ended December 31, 2015. Please make sure your final answer(s) are accurate to the nearest whole number. (select one) Statement of Changes in Equity (select one) Common Retained Total Shares Earnings Equity c) Prepare the company's equity section of the balance sheet for the year ended December 31, 2015. Please make sure your final answer(s) are accurate to the nearest whole number. X-cell Inc Equity Section of the Balance Sheet December 31, 2015 Contributed capital Common shares, unlimited shares authorized: shares issued and outstanding, Retained earnings Total equity