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:

Common stock, $117$ million shares at $$1$ par

$($ $ in thousands$)$

Paid$-$in capital$-$excess of par $$117,000$

Retained earnings

$702,000$

$960,000$

a$.$ November $1,2024,$ the board of directors declared a cash dividend of $$0\mathrm{.}90$ 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 $$3\mathrm{.}3$ million, but were purchased two years previously for $$2\mathrm{.}9$ 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 $20,000$ equivalent whole shares.

d$.$ On November $1,2025,$ the board of directors declared a cash dividend of $$0\mathrm{.}90$ 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\mathrm{.}75$ per share on its common shares, payable to shareholders of record November $15,$ to be paid December $1.$

Required:

Prepare the journal entries that Branch$-$Rickie recorded during the three$-$year period for these transactions.

Prepare comparative statements of shareholders' equity for Branch$-$Rickie for the three$-$year period $($$ in $000$s$).$ Net income was $$415$ million, $$480$ million, and $$540$ million for $2024,2025,$ and $2026,$ respectively.

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