Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2024, 2025, and 2026. ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended December 31, 2024, 2025, and 2026 (5 in millions) Balance at January 1, 2024 Sale of preferred shares Sale of common shares Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2024 Retirement of shares Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a dividend Net Income Balance at December 31, 2025 Common stock dividend Cash dividend, preferred. Cash dividend, common Net income Balance at December 31, 2026 Required: Additional Preferred Stock $10 par Common Stock $1 par Paid-In Retained Capital Earnings $55 $495 $1,878 Total Shareholders" Equity $ 2,428 $ 10 470 480 2 63 70 (1) (1) (16) (16) 290 298 10 62 1,028 2,151 3,251 (EX (27) (20) (50) (1) (1) (20) (20) 5 15 (50 380 380 996 2,490 3,560 59 (59) (1) (1) (22) (22) 412 412 $15 $ 65 $1,055 2,824 $ 3,949 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders" equity during 2024, 2025, and 2026. 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, 2026 and 2025, Complete this question by entering your answers in the tabs below. Required 11 Required 2 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2026 and 2025. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2024, 2025, and 2026. 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.) Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Show less A View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 ..... 20 Record sale of preferred stock. Note: Enter debits before credits. Date General Journal Debit Credit 2024 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2024, 2025, and 2026. 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, 2026 and 2025. 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 at December 31, 2026 and 2025. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). ANACONDA INTERNATIONAL CORPORATION Comparative Balance Sheets (Shareholders' Equity section) Shareholders Equity at December 31 2026 2025 Total shareholders' equity