The balance sheet of Consolidated Paper, Inc. Included the following shareholders equity accounts at December 31, 2020 Pald.in capital Preferred stock, B., 90.000 shares at $1 par Common stock, 364.ee shares at $1 par Paldin Capital-cess of pur preferred Paid-in capital excess of par Canon Retained earnings Treasury stock at cust: 4,000 common shares Total Shareholders equity $ 90,000 364,000 1.437.00 21574.000 9,735,000 (44,000) $14,156,000 Dunng 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 declared a property dividend of 240,000 shares of Leasco International common stock that Consolidated Paper had purchased 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, 6 5-for-4 stock split was declared and distributed. The stock split was effected in the form of a 25% stock dividend. The market value of the S1 par common stock was $11 per share. c. On July 5, 2% common stock dividend was declared and distributed. The market value of the common stock was $11 per share a on Decemberthe board of directors declared the 8.8% cash dividend on the 90,000 preferred shares, payable on December 28 to shareholders of record December 20 e On December 1, the board of directors declared a cash dividend of 50.50 per share on its common shares, payable on December 28 to shareholders of record December 20. 2. Prepare the shareholders' equity section of the balance sheet for Consolidated Paper, Inc, at December 31, 2021. Net Income for the year was $810,000 Complete this question by entering your answers in the tabs below. Required Required 2 Prepare the appropriate entries for these events: (if na entry is required for a transaction/event, select "No joumal entry required in the first account held.) View transaction et Journal entry worksheet 2 3 8 8 212 > Record any necessary adjustments to the Equity securities account as a result of the property dividend declaration Not Enter debits before credits Date March 03 General Journal Debit Credit Record entry Clear entry view general Journal View general journal Required 2 > View transaction lit Journal entry worksheet 2 3 5 8 7 8 12 MENERI Record the declaration of the property dividend. Nate Enter debit betone credit Date General Jouma Debit Credit March 03 Record entry Cisar entry View general journal Required 2 > w trace Journal entry worksheet 1 2 3 4 5 8 17 8 Record the entry on the date of record. Nome Enter debit biare credits Date General Journal Debit Credit March 15 Record entry Clear entry View general Journal Foto Required 2 > View transaction Set Journal entry worksheet Record the distribution of the property dividend. ut Enter debit behore credits Date General Joumal Debit Credit March 31 Record entry Clear entry View general Journal Required 2 > Journal entry worksheet 1 2 3 4 5 8 7 8 12 >> Record the declaration and distribution of the stock split effected in the form of a stock dividend. Notes Enter debits Deore credits "General Journal Date May 03 Debit Credit Record entry Clear entry View general Journal RE Required 2 > View transaction et Journal entry worksheet View transaction et Journal entry worksheet 2 3 5 0 7 8 12 Record entry for cash dividend on preferred stock on date of declaration Note: Enter dehits betore credits General Journal Debit. Credit Date December 01 Record entry Clear entry View general Journal Required 2 > Prepare the appropriate entries for these events: (If no entry is required for a transaction/event, select "No je first account field.) View transaction let Journal entry worksheet Record the entry on the date of record. Note: Enter debits before credits General Journal Debit Credit Date December 20 Record entry Clear entry View general Journal Required 2 > Journal entry worksheet Record the payment of cash dividends to preferred shareholders. Note: Enter debits before credits General Journal Debit Credit Date December 28 Record entry Clear entry View general Journal Required 2 > First account field View transaction lit Journal entry worksheet Record the declaration of cash dividends to common shareholders. Note: Enter debits before credits General Journal Debit Credit Date December 01 Record entry Clear entry View general Journal Red Required 2 > View transaction ist Journal entry worksheet 1 5 8 7 8 10 11 12 Record the entry on the date of record. Note: Enter debits before credits General Journal Debit Credit Date December 20 Record entry Clear entry View general Journal Recited Required 2 > View transaction ist Journal entry worksheet w C 5 B7 8 9 10 11 12 Record the payment of cash dividends to common shareholders. Note: Enter debits before credits General Journal Debit Credit Date December 28 Record entry Clear entry View general Journal RADIO Required 2 >