The balance sheet for Tactex Controls Inc., provincially incorporated in $2021,$ reported the following components of equity on

December $31,2022.$ Equity Section of the Balance SheetContributed capital: $27,000$ shares issued and outstanding $ $399,000$ outstanding

Total contributed capital

Retained earnings

Total equity $385,000$In $2023$ and $2024,$ the company had the following transactions affecting shareholders and the equity accounts:Jan. $1$ Sold $37,000$ common shares at $$11\mathrm{.}34$ per share. shareholders of record. Dividends had not been declared for the years $2021$ and $2022.$ AllFeb. $28$ Paid the dividends declared on January $5.$

July $1$ Sold preferred shares for a total of $$157,500.$ The average issue price was $$20$ per share.

Dec. $31$ Closed the dividend accounts along with the $$577,500$ credit balance in the Income Summary $2024$ common share cash dividend payable on October $28$ to the October $5$ shareholders of record.

Oct. $28$ Paid the dividends declared on September $5.$

Dec. $31$ Closed the Cash Dividends account along with the $$543,900$ credit balance in the Income Prepare a statement of changes in equity for the year ended December $31,2024.($Amounts to be deducted should be indicated by

a minus sign.$)$

Loss

Profit

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