Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021, 2022, and 2023. Retained Earnings 1,904 54 ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2021, 2022, and 2023 ($ in millions) Preferred Common Additional Stock Stock Paid-In $10 par $1 par Capital Balance at January 1, 2021 75 450 Sale of preferred shares 30 960 Sale of common shares Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2021 1,464 Retirement of shares (4) (24) Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a dividend (15) Net income Balance at December 31, 2022 1,425 Common stock dividend 47 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2023 87 1,472 Total Shareholders' Equity 2,429 990 63 (3) (19) 360 3,820 (48) (3) (23) (3) (19) 360 2,242 (20) 84 (3) (23) 510 4,256 510 2,706 (54) (3) (25) 552 3,176 (3) (25) 552 4,780 Required: 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