Blue Inc. owns shares of Kingbird Corporation stock. At December $31,2025,$ the securities were carried in Blue's accounting records at their cost of $$1,045,000,$ which equals their fair value. On September $21,2026,$ when the fair value of the securities was $$1,285,000,$ Blue declared a property dividend whereby the Kingbird securities are to be distributed on October $23,2026,$ to stockholders of record on October $8,2026.$

Prepare all journal entries necessary on those three dates. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No$.$ Entry" for the account titles and enter $0$ for the amounts. Record entries in the order displayed in the problem statement.$)$

Date Account Titles and Explanation