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				75				450				1,904				2,429
Sale of preferred shares	30							960								990
Sale of common shares				9				54								63
Cash dividend, preferred												(3	)			(3	)
Cash dividend, common												(19	)			(19	)
Net income												360				360
Balance at December 31, 2018	30			84				1,464				2,242				3,820
Retirement of shares				(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, 2019	45			80				1,425				2,706				4,256
Common stock dividend				7				47				(54	)
Cash dividend, preferred												(3	)			(3	)
Cash dividend, common												(25	)			(25	)
Net income												552				552
Balance at December 31, 2020	45			87				1,472				3,176				4,780

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.