During 2024, several events and transactions affected the retained earnings of Consolidated Paper Required: 1. Prepare the appropriate entries for these events a. On March 3, the board of directors declared a property dividend of 205,000 shares of Leasco internationat common stock that Consolidated Poper had purchased in January as an investment (book value $604,000 ) The investment shares had a fair value of $3 per share and were distributed March 31 to shareholders of record March is. b. On Moy 3, a 5 for-4 stock split was declared and distributed. The stock split was effected in the form of a 25% stock dividend. The market value of the $1 par common stock was $11 per share. c. On July 5, a 286 common stock dividend was declared and distributed. The market value of the common stock was $11 per share. a On December 1, the board of directors dectared the 9.0% cosh dividend on the 81000 preferred shares, payable on December 28 to shareholders of record December 20 . e. On December 1, the board of directors dectared a cosh dividend of 50.50 per share on its common shares, payable on December 28 to shareholders of record December 20 2. Prepare the shareholders' equity section of the balance sheet for Consolidated Papec, incorporated ot Decenber 31, 2024. Net income for the yeor was $710,000