Paid$-$in capital:

Preferred stock, $8\mathrm{.}5\%,84,$ eee shares at $$1$ par

Common stock, $343,408$ shares at $$1$ par

Paid$-$in capital$-$excess of par, preferred

Paid$-$in capital$-$excess of par, common

Retained earnings

$8\mathrm{.}84,000$

Treasury stock, at cost; $3,480$ comnon shares

$343,400$

$1,465,$ e$90$

$2,515,$ eas

Total shareholders' equity

$8,445,$ e$9$e

$(34,06)$

$(12,818,460$

During $2024,$ several events and transactions affected the retained earnings of Consolidated Paper.

Required:

Prepare the appropriate entries for these events:

a$.$ On March $3,$ the board of directors declared a property dividend of $220,000$ shares of Loasco internationai commont stock that Consolidated Paper had purchased in January as on investment $($book value: $$426\mathrm{.}000).$ The investment shares had a fair value of $$2$ per share and were distributed March $31$ to shareholders of record March $15$

b$.$ On May $3,$ a $5-$for$-4$ stock split was declared and distributed. The stock split was effected in the form of a $25\%$ stock dividend. The market value of the $$1$ par common stock was $$10$ per share.

c$.$ On July $5,$ a $2\%$ common stock dividend was declared and distributed. The market value of the common stock was $$10$ per share.

d$.$ On December $1,$ the board of directors declared the $8\mathrm{.}5\%$ cash dividend on the $84,000$ preforred shares, paryable an December $28$ to shareholders of record December $20$

e$.$ On December $1,$ the boord of directors declared a cash dividend of $$0\mathrm{.}50$ per share on its common shares. payache on December $28$ to shareholders of record December $20$

Prepore the shareholders' equity section of the balance sheet for Consalidated Paper, incorporated at Decenter $3t\mathrm{.}2024$ Net income for the year was $$740,000$