Despot declared a property dividend to give shares of Orange Computer to its common stockholders. The following information is available about Despots investment in Orange shares: Despot paid $7 million for its original investment in Orange On the date of declaration, the Orange shares have a fair market value of $16 million. On the date of distribution/payment, the Orange shares have a market value of $14 million Required Show Despots journal entries to record the property dividend on: 1) The date of declaration 2) The date of record 3) The date of distribution/payment