Zen Aerospace Corporation reported the following equity account balances on December 31, 2022: In 2023, the company had the following transactions affecting shareholders and the shareholders' equity accounts: Jan. 1 Purchased and retired 2,700 common shares at $36 per share. 14 The directors declared an 9% share dividend distributable on February 5 to the January 30 shareholders of record. The shares were trading at $46.30 per share. 30 Date of record regarding the 9% share dividend. Feb. 5 Date of distribution regarding the 9% share dividend. July 6 Sold 5,700 preferred shares at $67 per share. Sept. 5 The directors declared a total cash dividend of $48,006 payable on October 5 to the September 20 shareholders of record. oct. 5 The cash dividend declared on September 5 was paid. Dec. 31 Closed the $472,600 credit balance in the Profit Summary account to Retained Earnings. 31 Closed the dividend accounts. Required 1. Prepare journal entries to record the transactions and closings for 2023 (assume the retirements were the first ever recorded by Zen Aerospace). 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 account field.) the closings for 2023 (assume the retirements were the first ever recorded by Zen transaction/event, select "No journal entry required" in the first account field.) Journal entrv worksheet 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.)