Listed below are the transactions that affected the shareholders' equity of Branch-Rickle Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts Included: Common stock, 110 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in thousands) $110, eee 660, eee 890,000 a. November 1, 2021, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. b. On March 1, 2022, 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 fair value of $2.5 million, but were purchased two years previously for $2.2 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, 2022, the corporation declared and distributed a 6% common stock dividend (when the market value of the common stock was $17 per share). Cash was paid in lieu of fractional shares representing 600,000 equivalent whole shares. d. On November 1, 2022, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. e. 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 $18 per share. f. On November 1, 2023, the board of directors declared a cash dividend of $0.45 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. Required: 1. Prepare the journal entries that Branch-Rickle recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch-Rickle for the three-year period ($ In 00 Os). Net Income was $380 million, 5445 million, and $505 million for 2021, 2022, and 2023, respectively. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (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 Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit Journal entry worksheet 1 2 3 4 5 6 7 8 15 Record the entry on date of record. Note: Enter debits before credits. Date General Journal Debit Credit November 15, 2021 Record entry Clear entry View general journal Journal entry worksheet Record payment of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2021 Record entry Clear entry View general journal Journal entry worksheet Record appreciation of investment. Note: Enter debits before credits Date General Journal Debit Credit March 01, 2022 Record entry Clear entry View general journal Journal entry worksheet Record declaration of property dividends. Note: Enter debits before credits. General Journal Debit Credit Date March 01, 2022 Record entry Clear entry View general journal Journal entry worksheet Record the entry on date of record. Note: Enter debits before credits. Date General Journal Debit Credit March 13, 2022 Record entry Clear entry View general journal Journal entry worksheet Record distribution of property dividends. Note: Enter debits before credits. Date General Journal Debit Credit April 05, 2022 Record entry Clear entry View general journal Journal entry worksheet Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit November 01, 2022 Record entry Clear entry View general journal Journal entry worksheet Record the entry on date of record. Note: Enter debits before credits. Date General Journal Debit Credit November 15, 2022 Record entry Clear entry View general journal View transaction list Journal entry worksheet .... 6 7 8 10 15 Record payment of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2022 Record entry Clear entry View general journal Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (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 Record declaration and distribution of stock split effected in the form of stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit January 15, 2023 Record entry Clear entry View general journal Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is req transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit November 01, 2023 Record entry Clear entry View general journal Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record payment of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2023 Record entry Clear entry View general journal Required: 1. Prepare the journal entries that Branch-Rickle recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch-Rickle for the three-year period ($ In 00 Os). Net Income was $380 million, $445 million, and $505 million for 2021, 2022, and 2023, respectively. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period. Net income was $380 million, $445 million, and $505 million for 2021, 2022, and 2023, respectively. (Negative amounts should be indicated by a minus sign. Enter your answers in thousands (000's).) BRANCH-RICKIE CORPORATION Statement of Shareholders' Equity For the Years Ended Dec. 31, 2021, 2022, and 2023 ($ in thousands) Common Additional Retained Stock Paid-in Capital Earnings Total Shareholders' Equity 0 0 0 0 Jan. 1, 2021 Net income Cash dividends Dec 31, 2021 Property dividends Common stock dividend Net income Cash dividends Dec. 31. 2022 3-for-2 split effected in the form of a stock dividend Net income Cash dividends Dec. 31. 2023 0 0 0 S S 0 s 0