theres 12 entries for the first required

The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31, 2020: Paid-in capitali Preferred stock, 7.54, 92,000 shares at 51 par s 92,000 Common stock, 424,200 shares at si par 424,200 Paid-in capital-excess of par, preferred 1,535,000 Pald-in capital-excess of par, common 2,585,000 Retained earnings 9.145,000 Treasury stock, at coat: 4,200 common shares 146,200) Total shareholders' equity $13,735,000 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 declared a property dividend of 260,000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $498,000). The investment shares had a fair value of $2 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, On July 5, a 1% 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 75% cash dividend on the 92,000 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 $0.60 per share on its common shares, payable on December 28 to shareholders of record December 20. Required 1 Required 2 Prepare the appropriate entries for these events. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) General Journal Debit Credit No Date 22,000 1 March 03 Investment in equity securities Gain on investments 22,000 2 March 03 520,000 Retained earnings Property dividends payable 520,000 March 15 520,000 Property dividends payable Investment in equity securities 520,000 4 March 31 3 1,155,000 Retained earnings Common stock 1,155,000 5 May 03 1,155,000 Investment in equity securities Common stock Pald-in capital - excess of par, common 105,000 1,050,000 Required 1 Required 2 Prepare the shareholders' equity section of the balance sheet for Consolidated Paper, Inc. at December for the year was $820,000. (Negative amounts should be indicated by a minus sign.) CONSOLIDATED PAPER, INC. [Shareholders' Equity section] December 31, 2021 Paid-in capital: Preferred stock Common stock Paid-in capital - excess of par, preferred Paid-in capital - excess of par, common Retained earnings Treasury stock Total shareholders' equity 92,000 534,450 1,535,000 3,687,500 7.907200 (46,200) $ 13,709,950