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: 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.) 1 Record the retirement of shares. 2 Record the declaration of common shares stock dividend. Assume Company is using Share Dividend account. 3 Record the recording of common shares stock dividend. 4 Record the distribution of common shares stock dividend. 5 Record the issuance of preferred shares. 6 Record the cash dividend. Assume Company is using Cash Dividend account. 7 Record the payment of cash dividend. 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.)