Llsted Delow ore the tronsactions that dffected the shoreholders equity of Bronch$-$Rickie Corporation during the period $2024-2026.$ At December $31,2023,$ the corporation's accounts included:

Common stock, $120$ million shares at $$1$ par

$($$$)$ In thousands$)$

$$120,000$

$720,000$

$990,000$

$990,000$

a$.$ November $1,2024,$ the board of directors declared a cosh dividend of $$0\mathrm{.}80$ per shore on its common shores, poyable to shoreholders of record November $15,$ to be poid December $1.$

b$.$ On March $1,2025,$ the boord 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 $$3\mathrm{.}6$ million, but were purchased two years previously for $$3\mathrm{.}2$ million. Becouse they were intended to be held to moturity, the bonds had not been previously written up$.$ The property dividend was payable to shoreholders of record Morch $13,$ to be distributed April $5.$

c$.$ On July $12,2025,$ the corporation declared ond distributed o $4\%$ common stock dividend $($when the market volue of the common stock was $$19$ per share$).$ Cosh was poid in lieu of fractional shares representing $800,000$ equivalent whole shores.

d$.$ On November $1,2025,$ the boord of directors declared a cash dividend of $$0\mathrm{.}80$ per share on its common shares, payable to shoreholders of record November $15,$ to be paid December $1.$

e$.$ On January $15,2026,$ the board of directors declored 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 wos $$20$ per shore.

f$.$ On November $1,2026,$ the boord of directors declored o cash dividend of $$0\mathrm{.}65$ per share on its common shares, payable to shareholders of record November $15,$ to be poid December $1.$

Required:

Prepare the journal entries' that Branch$-$Rickie recorded during the three$-$year period for these transoctions.

Prepore comporative statements of shoreholders' equity for Branch$-$Rickie for the three$-$yeor period $($ $ in $000$ s$).$ Net income wss $$430$ million, $$495$ million, and $$555$ million for $2024,2025,$ and $2026,$ respectively.

Complete this question by entering your answers in the tabs below.

Prepare the journal entries that Branch$-$Rickie recorded during the three$-$year period for these transactions.

Note: If no entry is required for a transaction$/$event$,$ select $"$No juurnat entry required" in the first account field. Enter your answers in whole dollars.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$15$

Record declaration of cash dividend.