(7) Based on information provided in PepsiCo's Consolidated Statement of Equity (Exhibit 5), its preferred stock account was affected by three separate events during 2018, including the redemption, conversion, and retirement. Please complete the following journal entries made by PepsiCo to record these events. (Hint: The account of Repurchased Preferred Stock is essentially the account of Treasury stock we cover in class.) (i) Repurchased Preferred Stock Cash (a) (ii) Preferred Stock Common Stock at par (c) 0 million (d) Preferred Stock (f) Repurchased Preferred Stock (h) Issuer Purchases of Common Stock Total Number of Shares Total Purchased as Number of Average Part of Publicly Shares Price Paid Announced Plans Repurchased(a) Per Share or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs(b) $ 14,631 Period 9/8/2018 9/9/2018 - 10/6/2018 1.3 $ 112.64 1.3 (147) 14,484 10/7/2018 - 11/3/2018 1.3 $ 110,39 1.3 (145) 14,339 11/4/2018 - 12/1/2018 1.4 $ 116.68 1.4 (163) 14,176 12/2/2018 - 12/29/2018 0.8 $ 116.99 0.8 Total 4.8 $ 113.91 4.8 $ 14,084 (a) All shares were repurchased in open market transactions pursuant to publicly announced repurchase programs. (b) Represents shares authorized for repurchase under the $15 billion repurchase program authorized by our Board of Directors and publicly announced on February 13, 2018, which commenced on July 1, 2018 and will expire on June 30, 2021. Such shares may be repurchased in open market transactions, in privately negotiated transactions, in accelerated stock repurchase transactions or otherwise. (92) Source: PepsiCo 2018 10-K