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Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020. At December 31, 2017, the corporation's accounts included: ($in 000s) $ 114,000 684,000 930,000 Common stock, 114 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 b. On March 1, 2019, the board 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 $3.0 million, but were purchased two years previously for $2.6 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5 C. On July 12, 2019, the corporation declared and distributed a 5% common stock dividend (when the market value of the common stock was $22 per share). Cash was paid in lieu of fractional shares representing 700,000 equivalent whole shares d. On November 1, 2019, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 e, on January 15, 2020, the board of directors declared 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 was $23 per share f. On November 1, 2020, the board of directors declared a cash dividend of $0.45 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 Required 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions 2. Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period. Net income was $400 million, $465 millon, and $525 million for 2018, 2019, and 2020, respectively. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 15 Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit November 01, 2018 Record entry Clear entry View general journal 1 Record declaration of cash dividend. Record the entry on date of record. 2 Record payment of cash dividend. 3 Record appreciation of investment. 4 Record declaration of property dividends. 5 Record the entry on date of record. 6 Record distribution of property dividends. 7 Record declaration and distribution of stock dividend and 8 9 Record declaration of cash dividend. 10 Record the entry on date of record. 11 Record payment of cash dividend. 12 Record declaration and distribution of stock split effected in the form of stock dividend 13 Record declaration of cash dividend. 14 Record the entry on the date of record. 15 Record payment of cash dividend. Required 1Required 2 Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period. Net income was $400 million, $465 million, and $525 million for 2018, 2019, and 2020, respectively. (Negative amounts should be indicated by a minus sign. Enter your answers in thousands (000's). BRANCH-RICKIE CORPORATION Statement of Shareholders' Equity For the Years Ended Dec. 31, 2018, 2019, and 2020 Total Shareholders Equity Common StockPaid-in CapitalEarnings Retained Additional Jan. 1, 2018 Net income Cash dividends Dec. 31, 2018 Property dividends mmon stock dividend Co Net income Cash dividends Dec. 31, 2019 3-for-2 split effected in the form of a stock dividend Net income Cash dividends Dec. 31, 2020 Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2020. At December 31, 2017, the corporation's accounts included: ($in 000s) $ 114,000 684,000 930,000 Common stock, 114 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 b. On March 1, 2019, the board 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 $3.0 million, but were purchased two years previously for $2.6 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5 C. On July 12, 2019, the corporation declared and distributed a 5% common stock dividend (when the market value of the common stock was $22 per share). Cash was paid in lieu of fractional shares representing 700,000 equivalent whole shares d. On November 1, 2019, the board of directors declared a cash dividend of $0.60 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 e, on January 15, 2020, the board of directors declared 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 was $23 per share f. On November 1, 2020, the board of directors declared a cash dividend of $0.45 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 Required 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions 2. Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period. Net income was $400 million, $465 millon, and $525 million for 2018, 2019, and 2020, respectively. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet 15 Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit November 01, 2018 Record entry Clear entry View general journal 1 Record declaration of cash dividend. Record the entry on date of record. 2 Record payment of cash dividend. 3 Record appreciation of investment. 4 Record declaration of property dividends. 5 Record the entry on date of record. 6 Record distribution of property dividends. 7 Record declaration and distribution of stock dividend and 8 9 Record declaration of cash dividend. 10 Record the entry on date of record. 11 Record payment of cash dividend. 12 Record declaration and distribution of stock split effected in the form of stock dividend 13 Record declaration of cash dividend. 14 Record the entry on the date of record. 15 Record payment of cash dividend. Required 1Required 2 Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period. Net income was $400 million, $465 million, and $525 million for 2018, 2019, and 2020, respectively. (Negative amounts should be indicated by a minus sign. Enter your answers in thousands (000's). BRANCH-RICKIE CORPORATION Statement of Shareholders' Equity For the Years Ended Dec. 31, 2018, 2019, and 2020 Total Shareholders Equity Common StockPaid-in CapitalEarnings Retained Additional Jan. 1, 2018 Net income Cash dividends Dec. 31, 2018 Property dividends mmon stock dividend Co Net income Cash dividends Dec. 31, 2019 3-for-2 split effected in the form of a stock dividend Net income Cash dividends Dec. 31, 2020

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