4. (18 points) Required: prepare all necessary journal entries for the below build-on situations. Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2018-2019. At December 31, 2017, the corporation's accounts included (S in 000s) Common stock, 119 million shares at $1 par $119,000 Paid-in capital excess of par Retained earnings 714,000 980,000 a. On March 1, 2018, 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 $3.5 million, but were purchased two years previously for $3.1 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. b. On July 12, 2018, the corporation declared and distributed a 4% common stock dividend (when the market value of the common stock was $18 per share). Cash was paid in lieu of fractional shares representing 760,000 equivalent whole shares. c. On November 1, 2018, the board of directors declared a cash dividend of So.70 per share on its common shares, payable to shareholders of record November 15, to be paid December 1