CHECK FIGURE: 2. Dec. 31, 2023 Retained earnings =$1,565,600 The equity accounts for Kalimantan Corp. showed the following balances on December 31, 2022: Preferred shares, $2 non-cumulative, unlimited shares authorized Common shares, unlimited shares authorized, 100,000 shares issued and outstanding Retained earnings $0640,000864,000 The company completed these transactions during 2023: Jan. 10 Issued 20,000 common shares at $9.60 cash per share. 15 The directors declared a 10% share dividend to the January 30 shareholders of record, distributable on February 15 . The market price of the shares on January 15 was $9.80. Feb. 15 Distributed the share dividend. Mar. 2 The directors declared a \$1.20 per share cash dividend payable on March 31 to the March 15 shareholders of record. 31 Paid the dividend declared on March 2. Apr. 10 The directors announced a 3:1 share split to the April 20 shareholders of record. The shares were trading just prior to the announcement at $10.00 per share. Nov. 11 Issued 12,000 preferred shares at $20.00 per share. Dec. 1 The board of directors declared total dividends of $182,400 payable December 15,2023 . 15 Paid the dividends declared on December 1. 31 Closed the $1,160,000 credit balance in the Profit Summary account. 31 Closed the Cash Dividends account. Required 1. Prepare general journal entries to record the transactions and closings for 2023. 2. Prepare the statement of changes in equity for the year ended December 31,2023