E8.3. A Simple Reformulation of the Equity Statement (Easy) 174.8 8.3 34.41 226.2 From the following information, prepare a reformulated statement of common sharehold ers' equity for 2008. Amounts are in millions. Balance, December 31, 2007 Net income Foreign currency translation loss Urrealized gain on debt securities held Issue of shares Common dividends Preferred dividends $1,206 241 (11) 24 45 (94) (15) $1,396 Balance, December 31, 2008 The beginning and end-of-year balances include $200 million of preferred stock.