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Problem 18-5 (Algo) Shareholders' equity transactions; statement of shareholders' equity; financial statement effects [L018-6, 18-7, 18-8] Listed below are the transactions that affected the shareholders equity of Branch-Rickie Corporation during the period 20242026. At December 31. 2023. the corporation's accounts included: Comon stock, IIS rd ilion shares at Sl par Paid-in capitalexcess Of par Retained earnings (S in thousands)l sy,eee 9a,eee Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare comparative statements of shareholders' equity for Eranch-Rickie for the three-year period. Net income was $405 million, $470 million, and $530 million for 2024, 2025, and 2026, respectively. Note: Negative amounts should be indicated by a minus sign. Enter pur answers in thousands (OOO's). BRANCH-RICKIE CORPORATION Statement of Shareholders' Equity For the Years Ended December 31, 2024, 2025, and 2026 (S in thousands) a. November 1.2024. the board of directors declared cash dividend of SO_70 per share on its common shares. payable to shareholders of record November 15. to be paid December 1. b. On March 1. 2025. the board of directors decJared a orooerty dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment The bonds had a fair value of S3_1 million, but were purchased two years previously for $27 million. Secause 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 S. c. On July 12.2025, the corporation declared and distributed a common stock dividend (when the market value of the common stock was S23 per share). Cash was paid in lieu of fractional shares representing 750.000 equivalent whole shares. d. On November 1. 2023. the board of directors declared a cash dividend of $0.70 per share on its common shares. payable to shareholders of record November 15. to be paid December 1. e. On January IS. 2026. the board of directors declared and distributed a 3-for-2 stock solit effected in the form of a stock dividend when the market value of the common stock was $24 per share_ f. On November 1.2026. the board of directors declared a cash dividend of $0.53 per share on its common shares. payable to shareholders of record November 15. to be paid December 1. Requlred: 1. Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. Z Prepare comparative statements of shareholders' equity for Branch-Rickie for the three-year period (S in COOS). Net income was $405 million. $470 million, and $530 million for 2024.2025. and 2026. respectively. during perica Note: If n. entry is required for transaction/event, select No entry required in the first account Enter your answers in whole dollars. Journal entry worksheet Rcord of ash dividend. before 2024 Comrnon Stock 01. 2024 Net income Cash dividends December 31. 2024 Property dividends Common stock dividend Net income Cash dividends December 31. 2025 3.fcr-2 split '4cted the form of a stock 'vidend Net income C:sh divideds December 21. 2023 Additional Paid-in Capital Total Retained Shareho Earnings