Power Corporation recently reported the following December 31 balances in its shareholders' equity accounts (in millions):

During the current year, Power Corp. reported profit of \(\$ 868\) million. Assume that the only other transactions that affected share capital and retained earnings during the current year were the issuance of shares and the declaration and payment of cash dividends.
Required:
Recreate the two journal entries reflecting the issuance of shares and the declaration and payment of dividends.

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Share capital Contributed surplus Retained carnings Accumulated other comprehensive income (loss) Total shareholders' equity Current Year Prior Year $1,300 $ 1,269 103 8,612 78 8,304 (258) 386 $9,757 $10,037