Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2024-2026. At December 31, 2023, the corporation's accounts included: ($ in thousands) Common stock, 109 million shares at $ 109,000 $1 par Paid-in capital-excess of par Retained earnings 654,000 880,000 a. November 1, 2024, the board of directors declared a cash dividend of $0.80 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March 1, 2025, 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 $2.4 million, but were purchased two years previously for $2.1 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, 2025, the corporation declared and distributed a 6% common stock dividend (when the market value of the common stock was $16 per share). Cash was paid in lieu of fractional shares representing 540,000 equivalent whole shares. d. On November 1, 2025, the board of directors declared a cash dividend of $0.80 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. e. On January 15, 2026, 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 $17 per share. f. On November 1, 2026, the board of directors declared a cash dividend of $0.65 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. Required: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period ($ in 000s). Net income was $375 million, $440 million, and $500 million for 2024, 2025, and 2026, respectively. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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 Journal entry worksheet < 1 2 345678 15 > Record declaration of cash dividend. Note: Enter debits before credits. Date November 01, 2024 General Journal Debit Credit Record entry View general journal Clear entry Show less Journal entry worksheet < 1 2 3 45678 15 > Record the entry on date of record. Note: Enter debits before credits. Date November 15, 2024 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 2 3 4 5678 15 > Record payment of cash dividend. Note: Enter debits before credits. Date December 01, 2024 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 2 3 4 5678 15 > Record appreciation of investment. Note: Enter debits before credits. Date March 01, 2025 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet 1 2 3 4 LOQ 5 6 78 15 Record declaration of property dividends. Note: Enter debits before credits. Date March 01, 2025 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 2 3 4 5 6 Record the entry on date of record. Note: Enter debits before credits. Date March 13, 2025 1 8 15 > General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet 1 23456 7 8 15 > Record distribution of property dividends. Note: Enter debits before credits. Date April 05, 2025 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 1234567 8 15 > Record declaration and distribution of stock dividend and settlement of fractional shares. Note: Enter debits before credits. Date July 12, 2025 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 ... 8 9 10 11 12 13 14 15 > Record declaration of cash dividend. Note: Enter debits before credits. Date November 01, 2025 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 ... 8 9 10 11 12 13 14 15 > Record the entry on date of record. Note: Enter debits before credits. Date November 15, 2025 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 ... 89 10 11 12 13 14 15 Record declaration and distribution of stock split effected in the form of stock dividend. Note: Enter debits before credits. Date January 15, 2026 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 ... 89 10 11 12 13 14 15 Record declaration and distribution of stock split effected in the form of stock dividend. Note: Enter debits before credits. Date January 15, 2026 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet 1 ..... 8 9 10 11 12 13 14 15 > Record declaration of cash dividend. Note: Enter debits before credits. Date November 01, 2026 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet < 1 ..... 8 9 10 11 12 13 14 15 > Record the entry on date of record. Note: Enter debits before credits. Date November 15, 2026 General Journal Debit Credit Record entry View general journal Clear entry Journal entry worksheet 1 .. 8 9 10 11 12 13 14 15 Record payment of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2026 Record entry View general journal Clear entry 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 $375 million, $440 million, and $500 million for 2024, 2025, and 2026, respectively. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare comparative statements of shareholders' equity for Branch-Rickie for the three- year period. Net income was $375 million, $440 million, and $500 million for 2024, 2025, and 2026, respectively. Note: Negative amounts should be indicated by a minus sign. Enter your answers in thousands (000's). BRANCH-RICKIE CORPORATION Statement of Shareholders' Equity For the Years Ended December 31, 2024, 2025, and 2026 ($ in thousands) Total Shareholders' Additional Common Stock Paid-in Capital Retained Earnings Equity Show less January 01, 2024 Net income Cash dividends December 31, 2024 0 0 0 0 Property dividends Common stock dividend Net income Cash dividends December 31, 2025 3-for-2 split effected in the form of a stock dividend 0 0 0 0 Net income Cash dividends December 31, 2026 $ 0 $ 0 $ 0 $ 0 < Required 1 Required 2 >