Listed below are the transactions that affected the shareholders' equity of Branch$-$Rickle Corporation during the perlod $2024-2026.$ At

December $31,2023,$ the corporation's accounts included:

a$.$ November $1,2024,$ the board of directors declared a cash dividend of $$0\mathrm{.}60$ per share on its common shares, payable to

shareholders of record November $15,$ to be pald December $1.$

b$.$ On March $1,2025,$ 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 falr value of $$3\mathrm{.}0$ million, but were purchased two years previously

for $$26$ million. Because they were intended to be held to maturlty, the bonds had not been prevlously 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 $5\%$ common stock dividend $($when the market value of the common

stock was $$22$ per share$).$ Cash was pald In lieu of fractional shares representing $700,000$ equivalent whole shares.

d$.$ On November $1,2025,$ the board of directors declared a cash dividend of $$0\mathrm{.}60$ per share on its common shares, payable to

shareholders of record November $15,$ to be pald 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 $$23$ per share.

f$.$ On November $1,2026,$ the board of directors declared a cash dividend of $$0\mathrm{.}45$ per share on its common shares, payable to

shareholders of record November $15,$ to be pald December $1.$

Requlred:

Prepare the journal entrles that Branch$-$RIckle recorded during the three$-$year perlod for these transactions.

Prepare comparative statements of shareholders' equity for Branch$-$Rickle for the three$-$year perlod $($ $ in $000$ s$).$ Net Income was

$$400$ million, $$465$ million, and $$525$ million for $2024,2025,$ and $2026,$ respectively.

Complete this question by entering your answers in the tabs below.

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.

Journal entry worksheet

Record declaration of cash dividend.