Listed below are the transactions that affected the shareholders' equity of Branch$-$Rickie Corporation during the period $2024-2026.$ At December $31,2023,$ the corporation's accounts included:

a$.$ November $1,2024,$ the board of directors declared a cash dividend of $\backslash (\backslash$$ $0\mathrm{.}50\backslash )$ 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 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 $\backslash (\backslash$$ $2\mathrm{.}6\backslash )$ million, but were purchased two years previously for $\backslash (\backslash$$ $2\mathrm{.}3\backslash )$ 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 $12,2025,$ the corporation declared and distributed a $6\backslash \%$ common stock dividend $($when the market value of the common stock was $\backslash (\backslash$$ $18\backslash )$ per share$).$ Cash was paid in lieu of fractional shares representing $660,000$ equivalent whole shares.

d$.$ On November $1,2025,$ the board of directors declared a cash dividend of $\backslash (\backslash$$ $0\mathrm{.}50\backslash )$ per share on its common shares, payable to shareholders of record November $15,$ to be paid December $1.$

e$.$ On January $15,2026,$ the board of directors declared and distributed a $3-$for$-2$ stock split effected in the form of a $\backslash (50\backslash \%\backslash )$ stock dividend when the market value of the common stock was $\backslash (\backslash$$ $19\backslash )$ per share.

f$.$ On November $1,2026,$ the board of directors declared a cash dividend of $\backslash (\backslash$$ $0\mathrm{.}35\backslash )$ 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 $(\backslash$$ in $000$s$).$ Net income was $\backslash (\backslash$$ $385\backslash )$ million, $\backslash (\backslash$$ $450\backslash )$ million, and $\backslash (\backslash$$ $510\backslash )$ 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 journal entry required" in the first account field. Ente answers in whole dollars. Answer is not complete.

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

Required $2$

Prepare comparative statements of shareholders' equity for Branch$-$Rickie for the three$-$year period. Net income was $\backslash (\backslash$$ $385\backslash )$ million, $\backslash$$$450$ million, and $\backslash$$$510$ million for $2024,2025,$ and $2026,$ respectively.

Note: Negative amounts should be indicated by a minus sign. Enter your answers in thousands $(000\text{'}$s$).$

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$BRANCH$-$RICKIE CORPORATION$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$Statement of Shareholders' Equity$\}\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$For the Years Ended December $31,2024,2025,$ and $2026(\backslash$$ in thousands$)\}\backslash \backslash$

$\backslash$hline & Common Stock & Additional Paid$-$in Capital & Retained Earnings & $\backslash$begin$\{$tabular$\}\{$l$\}$

Total $\backslash \backslash$

Shareholders' Equity

$\backslash$end$\{$tabular$\}\backslash \backslash$

$\backslash$hline January $01,2024$ & $\backslash$$ $111,000$ & $\backslash$$ $666,000$ & $\backslash$$ $900,000$ & $\backslash$$ $1,677,000\backslash \backslash$

$\backslash$hline Net income & & & $385,000$ & $385,000\backslash \backslash$

$\backslash$hline Cash dividends & & & $\backslash ((55,500)\backslash )$ & $\backslash ((55,500)>\backslash )\backslash \backslash$

$\backslash$hline December $31,2024$ & $111,000$ & $666,000$ & $1,229,500$ & $2,006,500\backslash \backslash$

$\backslash$hline Property dividends & & & $\backslash ((2,600)\backslash )($ & $\backslash ((2,600)>\backslash )\backslash \backslash$

$\backslash$hline Common stock dividend & $6,660$ & $113,220*$ & $\backslash ((119,880)>\backslash )$ & $\backslash (0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Net income & & & $450,000$ & $450,000\backslash \backslash$

$\backslash$hline Cash dividends & & & $\backslash ((58,830)\backslash$times $\backslash )$ & $\backslash ((58,830)\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline December $31,2025$ & $117,660$ & $779,220$ & $1,498,190$ & $2,395,070\backslash \backslash$

$\backslash$hline $3-$for$-2$ split effected in the form of a stock dividend & $58,830$ & $\backslash ((58,830)\backslash$times $\backslash )$ & & $\backslash \backslash$

$\backslash$hline Net income & & & $510,000$ & $510,000\backslash \backslash$

$\backslash$hline Cash dividends & & & $\backslash ((61,772)\backslash$times $\backslash )$ & $\backslash ((61,772)\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline December $31,2026$ & $\backslash$$ $176,490$ & $\backslash$$ $720,390$ & $\backslash$$ $1,946,418$ & $\backslash$$ $2,843,298\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$