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 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 Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a dividend Net income Balance at December 31, 2022 Common stock dividend Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2023 Required: Stock Common Stock $10 par $1 par Additional Paid-In Capital Retained Total Shareholders' Earnings Equity 65 325 1,816 2,206 20 840 860 5 25 30 (2) (2) (15) (15) 320 320 20 20 70 (4) 1,190 (20) 2,119 3,399 (10) (34) (2) (2) (19) (19) 10 (10) 470 470 30 66 7 1,160 40 2,558 3,814 (47) (2) (2) (21) (21) 512 512 30 73 1,200 3,000 4,303 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.