1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions.Record declaration of cash dividend.Record the entry on date of record.Record payment of cash dividend.Record appreciation of investment.Record declaration of property dividends.Record the entry on date of record.Record distribution of property dividends.Record declaration and distribution of stock dividend and settlement of fractional shares.Record declaration of cash dividend.Record the entry on date of record.Record payment of cash dividend.Record declaration and distribution of stock split effected in the form of stock dividend.Record declaration of cash dividend.Record the entry on the date of record.Record payment of cash dividend. 2. Prepare comparative statements of shareholders equity for Branch-Rickie for the three-year period. Net income was $380 million, $445 million, and $505 million for 2018, 2019, and 2020, respectively.

Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020. At December 31, 2017, the corporation's accounts included: Common stock, 110 million shares at $1 par Paid-in capital-excess of par Retained earnings ints $110, 000 660,000 890, 00O Skipped eBook a. November 1, 2018, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to Print shareholders of record November 15, to be paid December 1 References b. On March 1, 2019, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The bonds had a fair value of $2.5 million, but were purchased two years previously for $2.2 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5. C. On July 12, 2019, the corporation declared and distributed a 6% common stock dividend (when the market value of the common d. On November 1, 2019, the board of directors declared a cash dividend of S0.60 per share on its common shares, payable to e. On January 15, 2020, the board of directors declared and distributed a 3-for-2 stock split effected in the form of a 50% stock f. On November 1, 2020, the board of directors declared a cash dividend of S0.45 per share on its common shares, payable to stock was $17 per share). Cash was paid in lieu of fractional shares representing 600,000 equivalent whole shares. shareholders of record November 15, to be paid December 1 dividend when the market value of the common stock was $18 per share shareholders of record November 15. to be paid December 1 Prey 1 of 5ENext> 2:04 AM 5/18/2018