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Culver Inc: owns shares of Larkspur Corporation stock. At December 31,2020, the securities were carried in Culver's accounting records at their cost of $1,030,000, which

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Culver Inc: owns shares of Larkspur Corporation stock. At December 31,2020, the securities were carried in Culver's accounting records at their cost of $1,030,000, which equals their fair value. On September 21,2021, when the fair value of the securities was $1,397,000, Culver declared a property dividend whereby the Larkspur securities are to be distributed on October 23,2021, to stockholders of record on October 8, 2021. Prepare all journal entries necessary on those three dates. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select 'No Entry' for the occount titles and enter Ofor the omounts.) Prepare all journal entries necessary on those three dates. (Credit occount titles are automaticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.)

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