Comparative statements of shareholders equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2018, 2019, and 2020.

ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2018, 2019, and 2020 ($ in millions)
	Preferred Stock $10 par		Common Stock $1 par				Additional Paid-In Capital				Retained Earnings				Total Shareholders' Equity
Balance at January 1, 2018				65				325				1,816				2,206
Sale of preferred shares	20							840								860
Sale of common shares				5				25								30
Cash dividend, preferred												(2)				(2)
Cash dividend, common												(15)				(15)
Net income												320				320
Balance at December 31, 2018	20			70				1,190				2,119				3,399
Retirement of shares				(4)				(20)				(10)				(34)
Cash dividend, preferred												(2)				(2)
Cash dividend, common												(19)				(19)
3-for-2 split effected in the form of a dividend	10							(10)
Net income												470				470
Balance at December 31, 2019	30			66				1,160				2,558				3,814
Common stock dividend				7				40				(47)
Cash dividend, preferred												(2)				(2)
Cash dividend, common												(21)				(21)
Net income												512				512
Balance at December 31, 2020	30			73				1,200				3,000				4,303

Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporations shareholders equity during 2018, 2019, and 2020. Prepare the journal entries that reflect those events and transactions. 2. Prepare the shareholders equity section of Anacondas comparative balance sheets at December 31, 2020 and 2019