Listed below are the transactions that affected the shareholders equity of BLT Corporation during the period 2013 - 2015. At December 31, 2012, the corporations accounts included:

($ in 000s)

Common stock, 315 million shares at $1 par, ............. $315,000 Paid-in capital excess of par...................................... 1,890,000 Retained earnings.......................................................... 2,910,000

a. November 2, 2013, the board of directors declared a cash dividend of $.80 per share on its common shares, payable to shareholders of record November 16, to be paid December 2.

b. On March 3, 2014, the board of directors declared a property dividend consisting of bonds of Blair County that BLT was holding as an investment. The bonds had a fair market value of $4.8 million, but were purchased two years previously for $3.9 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 14, to be distributed April 6.

c. On July 13, 2014, the corporation declared and distributed a 5% common stock dividend (when the market value of the common stock was $21 per share). Cash was paid for fractional share rights representing 750,000 equivalent whole shares.

d. On November 2, 2014, the board of directors declared a cash dividend of $.80 per share on its common shares, payable to shareholders of record November 16, to be paid December 2.

e. On January 16, 2015, 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 2, 2015, the board of directors declared a cash dividend of $.65 per share on its common shares, payable to shareholders of record November 16, to be paid December 2.

Required:

1. Prepare the journal entries that BLT recorded during the three-year period for these transactions.

2. Prepare comparative statements of shareholders' equity for BLT for the three-year period ($ in 000s). Net income was $990 million, $1,185 million, and $1,365 million for 2013, 2014, and 2015, respectively.