5 Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021, 2022, and 2023. 14.28 points eBook ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2021, 2022, and 2023 ($ in millions) Preferred Common Additional Stock Stock Paid-In $10 par $1 par Capital 60 389 10 440 9 45 Print Retained Earnings 1,640 References 18 Total Shareholders' Equity 2,000 450 54 (1) (14) 249 2,729 (46) (1) (18) 69 (6) Balance at January 1, 2021 Sale of preferred shares Sale of common shares Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2021 Retirement of shares Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a dividend Net income Balance at December 31, 2022 Common stock dividend Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2023 785 (38) (1) (14) 240 1,865 (10) (1) (18) 5 (5) 398 3,054 15 63 9 9 750 50 390 2,226 (59) (1) (20) 432 (1) (20) 432 15 72 800 2,578 3,465 Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2021, 2022, and 2023. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, ......" 9 Record declaration of cash dividend for preferred shares. 10 Record payment of cash dividend for preferred shares. 11 Record declaration of cash dividend for common shares 12 Record payment of cash dividend for common shares. 13 Record the stock split for preferred shares effected in the form of a dividend. 14 Record transfer of net income to retained earnings. 15 Record distribution of common stock dividend. 14 Record transfer of net income to retained earnings. 15 Record distribution of common stock dividend. 16 Record declaration of cash dividend for preferred shares. 17 Record payment of cash dividend for preferred shares. 18 Record declaration of cash dividend for common shares. 19 Record payment of cash dividend for common shares. 20 Record transfer of net income to retained earnings