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Please provide answers in table format along with explained calculations. Thanks! Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during

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Please provide answers in table format along with explained calculations. Thanks!

Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included: Common stock, 103 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in thousands) $ 103,000 612,000 820,000 a. November 1, 2021, the board of directors declared a cash dividend of $0.90 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-Rickie was holding as an investment. The bonds had a fair value of $1.7 million, but were purchased two years previously for $1.5 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 5% common stock dividend (when the market value of the common stock was $20 per share). Cash was paid in lieu of fractional shares representing 150,000 equivalent whole shares. d. On November 1, 2022, the board of directors declared a cash dividend of $0.90 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 $21 per share. f. On November 1, 2023, the board of directors declared a cash dividend of $0.75 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. Required: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period ($ in 000s). Net income was $345 million, $410 million, and $470 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.) 1 Record declaration of cash dividend. 2 Record the entry on date of record. 3 Record payment of cash dividend. 4 Record appreciation of investment. 5 Record declaration of property dividends. 6 Record the entry on date of record. 7 Record distribution of property dividends. 8 Record declaration and distribution of stock dividend and 9 Record declaration of cash dividend. 10 Record the entry on date of record. 11 Record payment of cash dividend. 12 Record declaration and distribution of stock split effected in the form of stock dividend. 13 Record declaration of cash dividend. 14 Record the entry on the date of record. 15 Record payment of cash dividend. No Date General Journal Debit Credit 1 November 01, 202 Retained earnings Cash dividends payable 2 November 15, 20No journal entry required 3 December 01, 202 Retained earnings Cash dividends payable 4 March 01, 2022 No journal entry required 5 March 01, 2022 Cash dividends payable Cash 00 March 13, 2022 No journal entry required 7 April 05, 2022 Property dividends payable 8 July 12. 2022 Retained earnings Common stock Paid-in capital - excess of par Cash 9 November 01. 204 Retained earnings Cash dividends payable 10 November 15, 20: No journal entry required 11 December 01, 20: Cash dividends payable Cash 12 January 15, 2023 Paid-in capital - excess of par Common stock 13 November 01, 202 Retained earnings Cash dividends payable 14 November 15, 20: No journal entry required 15 December 01. 20 Cash dividends payable Cash Required 1 Required 2 Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period. Net income was $345 million, $410 million, and $470 million for 2021, 2022, and 2023, respectively. (Negative amounts should be indicated by a minus sign. Enter your answers in thousands (000's).) Total Shareholders Equity 0 0 0 BRANCH-RICKIE CORPORATION Statement of Shareholders' Equity For the Years Ended Dec. 31, 2021, 2022, and 2023 (S in thousands) Common Additional Retained Stock Paid-in Capital Earnings Jan. 1, 2021 Net income Cash dividends Dec 31, 2021 0 Property dividends Common stock dividend Net income Cash dividends Dec 31, 2022 0 3-for-2 split effected in the form of a stock dividend Net income Cash dividends Dec 31, 2023 $ 0 $ 0 $ 0 0 0 $ 0

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