The balance sheet of Consolidated Paper, Inc., Included the following shareholders' equity accounts at December 31, 2020 : During 2021, several events and transactions affected the retained earnings of Consolidated Paper. Required: 1. Prepare the appropriate entries for these events: a. On March 3, the board of directors deciared a property dividend of 240,000 shares of Leasco International common stock that Consolidated Poper had purchosed in January as an investment (book value $700,000 ). The investment shares had a fair value of \$3 per share and were distributed March 31 to shareholders of record March 15. b. On May 3, o 5-for-4 stock spit 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 wos $11 per share. c. On July 5, a 2% common stock dividend was declared and distributed. The market value of the common stock was \$11 per share. d. On December 1, the board of directors deciared the 8.8% cash cividend on the 90,000 preferred shares, payable on December 28 to shoreholders of record December 20 . 28 to sharehoidets of reco of directors declared a cash dividend of $0.50 per share on its common shares, payable on December 28 to shareholders of record December 20. Prepare the appropriate entries for these events: (If no entry is required for a transaction/event, select "No journal entry required" in the fint account field.) Journal entry worksheet Record any necessary adjustments to the Equity securities account as a result of the property dividend declaration. Note Enter debits before credits