Question: Share transactions, dividends, statement of changes in equity L02, 3, 4, 5, 6 CHECK FIGURES 2. Retained earnings, December 31, 2018 = $428, 800; 3.

Share transactions, dividends, statement of changes in equity L02, 3, 4, 5, 6 CHECK FIGURES 2. Retained earnings, December 31, 2018 = $428, 800; 3. Total equity = $859, 600 The balance sheet for Umi Sustainable Seafood Inc. reported the following components of equity on December 31, 2017: In 2018, Umi had the following transactions affecting shareholders and the equity accounts: Required Prepare journal entries to record the transactions and closings for 2018. Prepare a statement of changes in equity for the year ended December 31, 2018. Prepare the equity section of the corporation's balance sheet as of December 31, 2018. Analysis component: Explain the relationship between assets and retained earnings, use your answer in Part 3 above as part of the explanation

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