Novak Inc. owns shares of Splish Corporation stock. At December $31,2025,$ the securities were carried in Novak's accounting records

at their cost of $$779,000,$ which equals their fair value. On September $21,2026,$ when the fair value of the securities was $$1,193,000,$

Novak declared a property dividend whereby the Splish securities are to be distributed on October $23,2026,$ to stockholders of

record on October $8,2026.$

Prepare all journal entries necessary on those three dates. $($Ust all debit entries before credit entries. Credit account titles are automatically

indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the

amounts. Record entries in the order displayed in the problem statement.$)$

Date

Account Titles and Explanation

Debit

Credit

Retained Earnings

Equity Investments

$($To record gain or loss$)$