1. Tubular Corp. reported dividends paid to shareholders of $90 million for 2017. Early in the year, Tubular repurchased $10 million worth of its common shares to use for employee incentive plan awards. Also, late in the year, Tubular issued $70 million of new common shares into the market. What was Tubulars net payout to shareholders for 2017?

2. Tubular Corp. reported $400 million in shareholders equity at the end of 2016. Its net income for 2017 was $50 million and it reported a total of -$10 million (loss) in Other Comprehensive Income for 2017. The net payout to shareholders in 2017 was $5 million. Tubulars ending shareholder equity for 2017 = ______?

(Show work)