Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included: ($ in thousands) Common stock, 113 million shares at $1 par $113,000 Paid-in capital-excess of par 678,000 Retained earnings 920,000 a. November 1, 2021, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March 1, 2022. the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickle was holding as an investment. The bonds had a fair value of $2.9 million, but were purchased two years previously for $2.5 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5. c On July 12, 2022, the corporation declared and distributed a 4% common stock dividend (when the market value of the common stock was $21 per share). Cash was paid in lieu of fractional shares representing 520,000 equivalent whole shares d. on November 1, 2022, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. e On January 15, 2023, the board of directors declared and distributed a 3-for-2 stock split effected in the form of a 50% stock dividend when the market value of the common stock was $22 per share. 1. On November 1, 2023, the board of directors declared a cash dividend of $0.35 per share on its common shares, payable to sharehbiders of record November 15, to be paid December 1. Required: 1. Prepare the journal entries that Branch-Rickle recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch Rickle for the three-year period ($ in 000s). Net Income was $395 million, $460 million, and $520 million for 2021 2022 and 2023, respectively, Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare the journal entries that Branch-Rickle recorded during the three year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account held. Enter your answers in whole dollars.) Dobit Credit View transaction list View journal entry worksheet No Date General Journal 1 November 01, 2021 Retained earrings Canh dividends payable 56,500 56,500 2 November 15 2021 58,500,000 Cash dividends payable Cash 56,500.000 Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transaction list View journal entry worksheet No Date General Journal November 01, 2021 Retained earings Cash dividends payable Debit Credit 56,500 56,500 11 2 November 15, 2021 Cash dividends payable 56,500,000 Cash 56,500,000 3 December 01. 2021 4,000,000 Investment in equity securities Gain on investments Retained earnings Property dividends payable 4,000,000 . 29,000,000 29,000,000 4 94,920,000 March 01, 2022 Retained earnings Common stock Pald.in capital - excess of par Cash 4,000,000 80,000,000 10,920,000 5 March 01, 2022 Retained oamingo Cash dividends payable 58,500,000 58,500,000 6 58,500,000 March 13, 2022 Cash dividends payable Cash 58,500,000 7 April 05, 2022 58,500,000 Paid-in capital - excess of par Common stock 58,500,000 B July 12, 2022 61.425,000 Retained earnings Cash dividends payable 61.425,000 B1 Required 2 >