Problem 12-6B Share transactions, statement of changes in equity, dividend distribution, closing CHECK FIGURES: 2 . Retained earnings, December 31=$699,600;3. Total equity =$1,318,800 The balance sheet for QuickStream Inc. reported the following components of equity on December 31, 2023: Common shares, unlimited shares authorized, 100,000 shares issued and outstanding... Retained earnings. Total equity. The company completed these transactions during 2024: Mar. 2 The directors declared a $0.90 per share cash dividend payable on March 31 to the March 15 shareholders of record. 31 Paid the dividend declared on March 2. Nov. 11 Issued 12,000 common shares at $7.80 per share. 25 Issued 8,000 common shares at $5.70 per share. Dec. 1 The directors declared a $1.50 per share cash dividend payable on January 2,2022 , to the December 10 shareholders of record. 31 Closed the $321,600 credit balance in the Income Summary account to Retained Earnings. 31 Closed the Cash Dividends account. Required 1. Prepare general journal entries to record the transactions and closings for 2024 . 2. Prepare a statement of changes in equity for the year ended December 31, 2024. 3. Prepare the equity section of the company's balance sheet as of December 31, 2024. Analysis Component: How much of QuickStream's assets are financed by the common shareholders at December 31, 2024? Explain what other sources of financing are available