'he balance sheet of Consolidated Paper, Incorporated, included the foliowing shareholders' equity accounts at December 31 , 2023: During 2024, several events and transactions affected the retained earnings of Consolidated Paper. Requlred: 2. Prepare the appropriate entries for these events: a. On March 3, the board of directors declored a property dividend of 255.000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $744,000 ). The investment shores had a fair value of $3 per share and were distributed March 31 to shareholders of record March 15 . b. On May 3, a 5-for-4 stock split was declared and distributed. The stock split was effected in the form of a 25% stocik dividend. The market value of the $1 par common stock was $10 per share. c. On July 5, a 1\% common stock dividend was declared and distributed. The market value of the common stock wos Sto per share. d. On December 1, the boord of directors declared the 7.0\%6 cash dividend on the 91.000 preferred shares, payable on December 28 to shareholders of record December 20 . e. On December 1, the board of directors declared a cash dividend of $0.40 per share on its common shares, poyabie on December 28 to shereholders of record December 20. Prepare the shareholders' equity section of the balance sheet for Consolidated Papet, incorporated at December 31, 2024. Net income for the year was $800,000. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the appropriate entries for these events. a. On March 3, the board of directors declared a preperty dividend of 255,000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: 5744,000 ). The investrnent shares had a fair value of \$3 per share and were diatributed March 31 to shareholders of record March 15. 6. On May 3, a 5 for-4 stock sple 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 $10 per share. c. On July 5, a 1% common stock dividend was dectared and distributed. The market value of the common stock ras 510 per share. d. On December 1, the board of directors declared the 7\% cash dividend on the 91,000 preferred shares, payable on December 28 to shareholdens of record Decamber 20 . *. On Decamber 1, the boand of directors decdared a cash dividend of 50,40 per share on its common shares, payable on December 29 to sharsholden of record December 20. Notei If no entry is required for a transaction/event, select "Wo fournal antry required" in the firat account field. e. Un vecember 1, the doara or oirectors deciarea a casn arvoeno or \$u.4u per snare on its common 5 nares, payabie on December 28 to shareholders of record December 20 . Note: If no entry is required for a transactionvevent, select "No journal entry required" in the first account field. During 2024, several events and transactions affected the retained earnings of Consolidated Paper. Requlred: 1. Prepare the appropriate entries for these events: a. On March 3, the board of directors declared a property dividend of 255,000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $744.000). The investment shares had a fair value of $3 per share and were distributed March 31 to shareholders of record March 15. b. On May 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 $10 per share c. On July 5, a 1% common stock dividend was declared and distributed. The market value of the common stock was $10 per share. d. On December 1, the board of directors declared the 7.0% cash dividend on the 91.000 preferred shares, payable on December 28 to shareholders of record December 20 . e. On December 1 , the board of directors deciared a cash dividend of $0.40 per share on its common shares, payable on December 28 to sharehoiders of record December 20. 2. Prepare the shareholders' equity section of the balance sheet for Consolidated Paper, Incorporated at December 31, 2024. Net income for the year was $800.000 Answer is not complete. Complete this question by entering your answers in the tabs below. Drepare the shareholders' equity section of the balance sheet for Consolidated Papen, Incorporated at December 21, 2024. Net income for the year was $800,000. Notei Riegative amounts should be indicated by a minus aign