Zen Aerospace Corporation reported the following equity account balances on December $31,2022$:

Preferred shares, $$3\mathrm{.}60$ cumulative, unlimited shares authorized $ $0$

Common shares, unlimited shares authorized, $27,500$ shares issued and outstanding $759,000$

Retained earnings $339,000$

In $2023,$ the company had the following transactions affecting shareholders and the shareholders$$ equity accounts:

Jan. $1$ Purchased and retired $3,500$ common shares at $$36$ per share.

$14$ The directors declared an $12\%$ share dividend distributable on February $5$ to the January $30$ shareholders of record. The shares were trading at $$47\mathrm{.}10$ per share.

$30$ Date of record regarding the $12\%$ share dividend.

Feb. $5$ Date of distribution regarding the $12\%$ share dividend.

July $6$ Sold $6,500$ preferred shares at $$75$ per share.

Sept. $5$ The directors declared a total cash dividend of $$48,014$ 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 $$480,600$ 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.$)$

$2.$ 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.$)$