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The balance sheet for Tactex Controls inc. provinctally incorporated in 2021 . reported the following components of equity on December 31, 2022. In 2023 and 2024, the company had the following transagtions affectrng shanenolders and the equiry accounts: 2023 Jan. 1 Sold 38,000 common shanes at 11 . a4 pen share shareholders of record. DLvidends had not been dectared for the years 2021 and 262 . A11 of the preferred shares had been issued durithe 2621. Feb. 28 Paid the dividends declared on fanuary s. account. 2024 oct. 28 paid the dividends deciared bri seatenten 5 . Summary account. Requlred: record declared dividends. 2. 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.) 3. Prepare the equity section of the company's balance sheet as of December 31,2024 . The balance sheet for Tactex Controls inc, provindally incorporated in 2021, reported the following components of equity on December 31, 2022 In 2023 and 2024 , the company had the following transactions affecting shareholders and the equity accounts: Required: 1. Prepare journal entrles to record the transactlons and closings for 2023 and 2024 . The company uses a cash dividends account record declared dividends. 2. Prepare a statement of changes in equity for the year ended December 31, 2024. (Amounts to be deducted should be Indlcated by a minus sign.) 3. Prepare the equity section of the company's balance sheet as of December 31,2024

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