Questions from no. 17 to no.19 are based on the following fact: Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020. At December 31, 2017, the corporation's accounts included: (S in thousands) Common stock, 105 million shares at $1 par $ 105,000 Paid-in capital -excess of par 630,000 Retained earnings 970,000 a. November 1, 2018, 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, 2019, 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 $1.6 million, but were purchased two years previously for $1.3 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, 2019, the corporation declared and distributed a 5% common stock dividend (when the market value of the common stock was $21 per share). Cash was paid in lieu of fractional shares representing 250,000 equivalent whole shares. d. On November 1, 2019, 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, 2020, 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 $22 per share. f. On November 1, 2020, 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. 17. Which of the following is best described on Nov 15 ? A. Retained Earnings Cash Dividends Payable 84,000,0000 84,000,0000 B. No journal entry is required C. Cash Dividends Payable Cash 84,000,0000 84,000,0000 D. Record date. 18. Which of the following is correct on March 1? A. Investment in Warner Bonds 300,000 Gains on appreciation property Retained earnings 1,600,000 Property dividends 300,000 1,600,000 B. Property dividends payable 1,600,000 Investment in Warner Bonds 1,600,000 C. Investment in Warner Bonds 300,000 Gains on investment appreciation 300,000 Retained earnings Property dividends 1,600,000 1,600,000 D. More than one choice mentioned above is correct. 19. What is the impact on Retained Earnings on Jan 15 ? A. $55,000,000 B. SO C. $50,0000,000 D. None of the above