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

records at their cost of $$997,000,$ which equals their fair value. On September $21,2026,$ when the fair value of the securities was

$$1,401,000,$ Oriole declared a property dividend whereby the Waterway 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. $($List 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 $0$ for the

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