Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December $31,2024,2025,$ and $2026.$

Required:

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.$)$

Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December $31,2026$ and $2025.$