Shipbuilding Ltd. has a December 31 year end. On January 1, 2024, the company had the following shareholder's equity accounts: Preferred shares, $4 noncumulative, unlimited number authorized, 7,000 shares issued Common shares, unlimited number authorized, 150,000 shares issued Retained earnings Accumulated other comprehensive income Westcock had the following transactions during 2024: Jan. 31 Mar. 2 June 28 Issued 700 preferred shares at $95 per share. Reacquired 5,000 common shares at $16 a share. Announced a 3-for-1 stock split of the common shares. Immediately before the split, the share price was $13 a share. Declared the annual dividend on the preferred shares for shareholders of record on September 30, payable October 15. Declared a common dividend of $0.50 a share for shareholders of record on November 30. The dividend is payable on December 15. The company reported a profit of $450,000 and other comprehensive income of $15,000 for 2024. Sept. 15 Oct. 31 $ 850,000 2,250,000 1,750,000 22,000 Instructions a) Record all of the transactions. b) Prepare the statement of changes in shareholders' equity using the chart he