Listed below are the transactions that affected the shareholders equity of Branch-Rickie Corporation during the period 20212023. At December 31, 2020, the corporations accounts included: ($ in thousands) Common stock, 111 million shares at $1 par $ 111,000 Paid-in capitalexcess of par 666,000 Retained earnings 900,000 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. On March 1, 2022, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The bonds had a fair value of $2.6 million, but were purchased two years previously for $2.3 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. On July 12, 2022, the corporation declared and distributed a 6% common stock dividend (when the market value of the common stock was $18 per share). Cash was paid in lieu of fractional shares representing 660,000 equivalent whole shares. 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. 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 $19 per share. On November 1, 2023, the board of directors declared a cash dividend of $0.35 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. Required: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders equity for Branch-Rickie for the three-year period ($ in 000s). Net income was $385 million, $450 million, and $510 million for 2021, 2022, and 2023, respectively.

Required 1 Required 2 Prepare the journal entries that Branch-Rickle recorded during the three-year period for these transactions. required for a transaction/event, select "No journal entry required" in the first account field. Enter your ans dollars.) No Debit Credit 1 Date General Journal November 01, 20 Retained earnings Cash dividends payable 55,500,000 55,500,000 2 November 15, 20 No journal entry required 3 55,500,000 December 01, 20 Cash dividends payable Cash 55,500,000 4 300,000 March 01, 2022 Investment in equity securities Gain on investments SO 300,000 5 2,600,000 March 01, 2022 Retained earnings Property dividends payable 2,600,000 6 X 2,600,000 March 13, 2022 Property dividends payable Investment in equity securities 2,600,000 7 April 05, 2022 Retained earnings 119,880,000 Common stock Paid-in capital - excess of par Cash x X 6,000,000 X 102,000,000 > 11,880,000 8 July 12, 2022 58,500,000 Retained earnings Cash dividends payable X 58,500,000 9 November 01, 20 No journal entry required 10 58,500,000 X November 15, 20 Cash dividends payable Cash XX 58,500,000 11 58,500,000 December 01, 20 Retained earnings Common stock X X 58,500,000