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Apollo Limited reported the following shareholders' equity data (all dollars in millions): (Click the icon to view the shareholders' equity data.) Apollo eamed net income

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Apollo Limited reported the following shareholders' equity data (all dollars in millions): (Click the icon to view the shareholders' equity data.) Apollo eamed net income of $2,970 during 2020. Common shares were issued for $20.00 each. For each account except Retained Earnings, one transaction explains the change from the December 31, 2019, balance to the December 31, 2020 balance. Two transactions affected Retained Earnings. Give a full explanation, including the dollar amount, for the change in each account Shareholders' equity data Preferred Shares million. Apollo derecognized preferred shares of $ December 31. Common Shares (Enter the number of shares rounded to one decimal place.) 2020 2019 Apollo issued million million common shares for $ 607 $ 737 Preferred shares 2.340 2.100 Retained Earnings Common shares. 20,675 19.100 dividends of $ million Retained earnings Retained earnings increased by of S2970 million and decreased by net income Print Done Time Remaining: 00:50:06 Nex Calculator Talk to Cortana 11:50 EBI

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