Zen Aerospace Corporation reported the following equity account balances on December 31, 2022: In 2023, the company had the following transactions affecting sharehoiders and the shareholders' equity accounts: Jan. 1 Purchased and retired 3,500 common shares at $36 per ihare. 14 The directors deelared an 128 ahare dividend af ifributable on February 5 to the January 30 shareholdors of record. The shares wore trading at $47.10 por share. Io Date of record regardipg the 121 thare dividend. Feb. 5 pate of distribution regarding the 120 share dividend. July 6 sold 6,500 preferred shares at $75 por share. Sept. 5 The directors declared a total cash dividend of $48,014 payabie on oetober 5 to the september 20 shareholderi of record. oct. 5 The cash dividend declared on Septebber 5 wain paid. Dee. 31 closed the 5480,600 oredit balance in the Profit furmary account to Metalned Earninga. Required 1. Prepare joumal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Ze Acrospace). Assume share dividends and cash dividends account is used when dividends are declared. (if no entry is required for a transaction/event, select "No journal entry required" in the first occount field.) 2. Prepare the statement of changes in equity for the year ended December 31, 2023. (Amounts to be deducted should be indicated by a minus sign. Round the final answer to the nearest whole dollar.)