The balance sheet of Consolidated Paper, Incorporated, included the following shareholders' equity accounts at December $31,2023$ :

During $2024,$ several events and transactions affected the retained earnings of Consolidated Paper.

Required:

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 $3,$ a $5-$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 $$1$ par common stock was $$11$ per share.

c$.n$ 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 declared the $8\mathrm{.}8\%$ 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 $$0\mathrm{.}50$ per share on its common shares, payable on

December $28$ to shareholders of record December $20.$

Prepare the shareholders' equity section of the balance sheet for Consolidated Paper, Incorporated, at December $31,2024.$ Net

income for the year was $$810,000.$