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, 112 million shares at $1 par	$	112,000
Paid-in capitalexcess of par		672,000
Retained earnings		910,000

1. November 1, 2021, the board of directors declared a cash dividend of $0.70 per share on its common shares, payable to shareholders of record November 15, to be paid December 1.
2. 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 $2.8 million, but were purchased two years previously for $2.4 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.
3. On July 12, 2022, the corporation declared and distributed a 4% common stock dividend (when the market value of the common stock was $19 per share). Cash was paid in lieu of fractional shares representing 480,000 equivalent whole shares.
4. On November 1, 2022, the board of directors declared a cash dividend of $0.70 per share on its common shares, payable to shareholders of record November 15, to be paid December 1.
5. 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 $20 per share.
6. On November 1, 2023, the board of directors declared a cash dividend of $0.55 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 $390 million, $455 million, and $515 million for 2021, 2022, and 2023, respectively.

No Credit Date General Journal November 01, 20. Retained earnings Cash dividends payable Debit 78.400.000 1 > 78,400,000 N 2 November 15, 20 No journal entry required 3 78,400,000 December 01, 20 Cash dividends payable Cash >> 78,400.000 4 400,000 March 01, 2022 Investment in equity securities Gain on investments 400,000 5 2,800,000 March 01, 2022 Retained earnings Property dividends payable 2,800,000 CO 6 March 13, 2022 No journal entry required 7 April 05, 2022 2,800,000 Property dividends payable Investment in equity securities >> 2,800,000 8 July 12. 2022 85,120,000 Retained earnings Common stock Paid-in capital - excess of par Cash OOOO 4,000,000 72,000,000 9,120,000 13 0 x November 01, 20. Retained earnings Cash dividends payable 0 14 November 15, 20. No journal entry required x 15 0 > December 01,20 Cash dividends payable Cash OO 0 Required 1 Required 2 Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period. Net income was $390 million, 5455 million, and $515 million for 2021, 2022, and 2023, respectively. (Negative amounts should be indicated by a minus sign. Enter your answers in thousands (Ooo's).) BRANCH-RICKIE CORPORATION Statement of Shareholders' Equity For the Years Ended Dec. 31, 2021, 2022, and 2023 (S in thousands) Common Additional Total Retained Paid in Shareholders' Stock Capital Earnings Equity Jan. 1. 2021 S 1 x S 1 S 1x S 1 x Net income 1 1 x 1 x 1 x Cash dividends 1 1 1 1 Dec 31, 2021 3 3 3 3 Property dividends 1 x 1 x 1 x 1 x Common stock dividend 1 x 1 1 x 1 x Net income 1 1 x 1 x 1 x Cash dividends 1 1 1 1 Dec 31, 2022 7 7 7 7 3-for-2 split effected in the form of a stock dividend 1 x 1 x 1 x 1 x Net income 1 x 1 x 1 X 1 x Cash dividends 1 1 x 1 x 1 x Dec. 31, 2023 S 10 S 10 S 10 IS 10