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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
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 Common Additional Stock Stock Paid-In Retained $10 par $1 par Capital Earnings Balance at January 1, 2018 85 680 1,948 Sale of preferred shares 30 930 'equity for Anaconda International Corporation were nding December 31, 2018, 2019, and 2020. ONDA INTERNATIONAL CORPORATION ements of shareholders' Equity as Ended Dec. 31, 2018, 2019, and 2020 ($ in millions) referred Common Additional Stock Stock Paid-In Retained $10 par $1 par Capital Earnings 680 1,948 30 930 Total Shareholders' Equity 2,713 960 85 56 63 (3) (21) 380 (3) (21) 380 30 92 1,666 2,304 4,092 (6) (48) (16) (70) (3) (3) (25) (25) 15 (15) 530 530 JU 45 86 1,603 2,790 53 NEL TIL UNIC Balance at December 31, 2019 Common stock dividend Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2020 (59) (3) (27) 572 45 92 1,656 3,273 Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2018, 2019, and 2020. Prepare the journal entries that Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2018, 2019, and 2020. Prepare the journal entries that reflect those events and transactions. 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2020 and 2019
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