a. Net income,$441million.

b. Issuance of 13 million shares of ordinary share for $14.50 per share.

c. Purchase of 5 million shares of treasury share for $10million.

d. Declaration and payment of cash dividends of $29 million.

At December 31, 20X6, Sullivan Corporation reported the shareholders' equity accounts shown here (with dollar amounts in millions, except per share amounts). (Click the icon to view the data.) Sullivan's 20X7 transactions included the following: (Click the icon to view the transactions.) Requirement and d. Explanations are not required. O X b. Issuance of 13 million shares of ordinary share for $14.50 Data table Date b. Journal Entry Accounts Paid-in Capital in Excess of Par Retained Earnings Treasury Shares Ordinary share $4.00 par value per share, 2,400 million shares issued Capital in excess of par value $ 9,600 Retained earnings 4,800 255 (90) Treasury share, at cost Total shareholders' equity $ c. Purchase of 5 million shares of treasury share for $10 millic 14,565 Journal Entry Date Accounts Print Done c. d. Declaration and payment of cash dividends of $29 million