Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2018, 2019, and 2020. Total Shareholders' Equity 2,438 880 54 60 ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2018, 2019, and 2020 ($ in millions) Preferred Common Additional Stock Stock Paid-In Retained $10 par $1 par Capital Earnings Balance at January 1, 2018 60 540 1,838 Sale of preferred shares 20 860 Sale of common shares Cash dividend, preferred (2) Cash dividend, common (16) Net incepe 330 Balance at December 31, 2018 1,454 1.454 2,150 Retirement of shares (27) (26) Cash dividend, preferred Cash dividend, common (20) 3-for-2 split effected in the form of a dividend (10) Net income 480 Balance at December 31, 2019 1,417 2,582 Common stock dividend 77 (85) Cash dividend, preferred (2) Cash dividend, common (22) Net income 522 Balance at December 31, 2020 30 71 1,494 2,995 (2) (16) 330 3,690 (56) (2) (20) (2) 480 4,092 (2) (22) 522 4,590 Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2018, 2019, and 2020. Prepare the journal entries that reflect those events and transactions. 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2020 and 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the shareholders' equity section of Anaconda's comparative balance sheets your answers in millions (i.e., 10,000,000 should be entered as 10).) ANACONDA INTERNATIONAL CORPORATION Balance Sheets (Partial) at December 31 2020 2019 Shareholders' Equity: Total shareholders' equity Required 1 - Required 2 Ree