Problem 18-5 (Algo) Shareholders' equity transactions; statement of shareholders' equity; financial statement effects [LO18-6, 18-7, 18-8] Listed below are the transactions that affected the shareholders' equity of Branch-RIckle Corporation during the perlod 2024-2026. At December 31. 2023, the corporation's accounts included: a. November 1, 2024, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15 , to be pald December 1. b. On March 1, 2025, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickle was holding as an investment. The bonds had a falr value of $1.5 million, but were purchased two years previously for \$1.4 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, 2025, the corporation declared and distributed a 4% common stock dividend (when the market value of the common stock was $19 per share). Cash was pald in lleu of fractlonal shares representing 80,000 equivalent whole shares. d. On November 1, 2025, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be pald December 1. e. On January 15, 2026, 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 $20 per share. f. On November 1, 2026, the board of directors declared a cash dividend of $0.35 per share on its common shares, payable to shareholders of record November 15 , to be pald December 1. Requlred: 1. Prepare the journal entrles that Branch-Rickle recorded during the three-year perlod for these transactions. 2. Prepare comparative statements of shareholders' equity for Branch-Rickle for the three-year period ( $ in 000 s). Net income was $340 million, \$405 million, and $465 million for 2024,2025 , and 2026 , respectively. Complete this question by entering your answers in the tabs below. Prepare the journal entnes that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Complete this question by entering your answers in the tabs below. Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period. Net income was $340 million, $405 million, and $465 million for 2024,2025 , and 2026 , respectively. Note: Negative amounts should be indicated by a minus sign. Enter your answers in thousands (000s). Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet 3 4=56 7 8 15 > Record declaration of cash dividend. Note: Enter debits before credits. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet Record the entry on date of record. Note: Enter debits before credits. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet Record payment of cash dividend. Note: Enter debits before credits. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet Record declaration of property dividends. Note: Enter debits before credits. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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, Journal entry worksheet Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet 8 15 Record distribution of property dividends. Note: Enter debits before credits. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet 234567 .. 15 Record declaration and distribution of stock dividend and settlement of fractional shares. Note: Enter debits before credits, Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet Complete this question by entering your answers in the tabs below. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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, Journal entry worksheet Record declaration and distribution of stock split effected in the form of stock dividend. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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, Inurnal ontris wnoksheet Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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. Journal entry worksheet Record the entry on date of record. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Note: 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