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				Additional Paid-In Capital				Retained Earnings				Total Shareholders' Equity
Balance at January 1, 2021				40				280				1,552				1,872
Sale of preferred shares	10							400								410
Sale of common shares				5				35								40
Cash dividend, preferred												(1	)			(1	)
Cash dividend, common												(10	)			(10	)
Net income												200				200
Balance at December 31, 2021	10			45				715				1,741				2,511
Retirement of shares				(2	)			(14	)			(18	)			(34	)
Cash dividend, preferred												(1	)			(1	)
Cash dividend, common												(14	)			(14	)
3-for-2 split effected in the form of a dividend	5							(5	)
Net income												350				350
Balance at December 31, 2022	15			43				696				2,058				2,812
Common stock dividend				5				40				(45	)
Cash dividend, preferred												(1	)			(1	)
Cash dividend, common												(16	)			(16	)
Net income												382				382
Balance at December 31, 2023	15			48				736				2,378				3,177

Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporations 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.) (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).) 2. Prepare the shareholders equity section of Anacondas comparative balance sheets at December 31, 2023 and 2022.