5 Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2024-2026. At December 31, 2023, the corporation's accounts included: ($ in thousands) Common stock, 119 million shares at $1 par Paid-in capital-excess of par Retained earnings $ 119,000 714,000 980,000 a. November 1, 2024, the board of directors declared a cash dividend of $0.70 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March 1, 2025, 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 $3.5 million, but were purchased two years previously for $3.1 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, 2025, the corporation declared and distributed a 4% common stock dividend (when the market value of the common stock was $18 per share). Cash was paid in lieu of fractional shares representing 760,000 equivalent whole shares. d. On November 1, 2025, the board of directors declared a cash dividend of $0.70 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. e. On January 15, 2026, the board of directors declared and distributed a 3-for-2 stock split effected in the form of a 50% stock dividend when the market value of the common stock was $19 per share. f. On November 1, 2026, the board of directors declared a cash dividend of $0.55 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. Required: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period ($ in 000s). Net income was $425 million, $490 million, and $550 million for 2024, 2025, and 2026, respectively. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars. View transaction list View journal entry worksheet No 1 Date November 01, 2024 General Journal Debit Credit Retained earnings Cash dividends payable 83,300,000 83.300.000 November 15, 2 2024 No journal entry required 3 December 01, 2024 Cash dividends payable Cash 4 March 01, 2025 Investment in debt securities Gain on investments Retained earnings Property dividends payable 83,300,000 83,300,000 400,000 400,000 33 33 5 March 01, 2025 Retained earnings 3,500,000 Property dividends payable 3,500,000 6 March 13, 2025 No journal entry required 7 April 05, 2025 Property dividends payable 3,500,000 Investment in debt securities 3,500,000 8 July 12, 2025 Retained earnings Common stock Paid-in capital - excess of par Cash 85,680.000 4,000,000 68,000,000 13,680,000 9 November 01 2025 Retained earnings Cash dividends payable 86,100,000 86,100,000 10 November 15, 2025 No journal entry required December 01, 11 2025 Cash dividends payable 86,100,000 Cash 86,100,000 12 January 15, 2026 Retained earnings Common stock 61.500.000 61,500,000 13 November 01, 2026 Retained earnings 101,475,000 Cash dividends payable 101,475,000 14 November 15, 2026 No journal entry required 15 December 01, 2026 Cash dividends payable 101,475,000 Cash 101,475,000