Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021, 2022, and 2023. ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2021, 2022, and 2023 ($ in millions) Preferred Stock $10 par Common Stock $1 par Balance at January 1, 2021 Sale of preferred shares Sale of common shares Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2021 Retirement of shares 75 Additional Paid-In Capital 450 Retained Earnings 1,904 Total Shareholders' Equity 2,429 30 960 990 54 63 (3) (3) (19) (19) 360 360 30 84 1,464 2,242 3,820 (4) (24) (20) (48) Cash dividend, preferred (3) (3) Cash dividend, common. (23) (23) 3-for-2 split effected in the form of a dividend 15 (15) Net income 510 510 Balance at December 31, 2022 Common stock dividend Cash dividend, preferred Cash dividend, common Net income 45 80 7 1,425 2,706 4,256 47 (54) (3) (25) (3) (25) 552 552 Balance at December 31, 2023 45 87 1,472 3,176 4,780 Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2021, 2022, and 2023. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2023 and 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2