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 2,100 commgn shares at $36 per share. 14 The directors declared an 8% share dividend distributable on February 5 to the January 30 shareholders of record. The shares were trading at $45.70 per share. 30 Date of record regarding the 8% share dividend. Feb. 5 Date of distribution regarding the 8% share dividend. July 6 sold 5,100 preferred shares at $61 per share. Sept. 5 The directors declared a total cash dividend of $48,000 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 $466,600 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 Ze 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.)