Problem 18-5 (Algo) Shareholders' equity transactions; statement of shareholders' equity [LO18-6, 18-7, 18-8] 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: a. November 1,2021 , the board of directors declared a cash dividend of $0.80 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 $2.2 million, but were purchased two years previously for $1.9 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 13 , to be distributed April 5. c. On July 12, 2022, the corporation declared and distributed a 6% common stock dividend (when the market value of the common stock was $14 per share). Cash was paid in lieu of fractional shares representing 420,000 equivalent whole shares. d. On November 1,2022 , the board of directors declared a cash dividend of $0.80 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 $15 per share. f. On November 1, 2023, the board of directors declared a cash dividend of $0.65 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 $365 million, $430 million, and $490 million for 2021,2022 , and 2023 , respectively