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, 948 ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec 31, 2021, 2022, and 2023 (5 in millions) Preferred Common Additional Stock Stock Paid-In $10 par $1 par Capital Balance at January 1, 2021 85 680 Sale of preferred shares 30 930 Sale of common shares 7 56 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2021 30 92 1. 666 Retirement of shares (6) Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a dividend 15 (15) Net income Balance at December 31, 2022 45 86 1.600 Common stock dividend 53 Cash dividend, preferred cash dividend, common Not incone Total Shareholders Equity 2, 713 960 63 (3) (21) 380 4.092 (79) (3) (21) 380 2, 304 (16) (3) (25) (25) 530 530 2,790 (59 (3) (27) 57 (3) (27 572 30 1,666 92 (6) (48) 380 2, 304 (16) (3) (25) 380 4,092 (70) (3) (25) 15 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 (15) 530 4.524 45 86 6 1, 603 53 530 2.790 (59) (3) (27) 572 3,273 (3) (27) 572 5, 066 45 92 1,656 Required: 1. Inte the statements the events and transactions that affected Anaconda Internati 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. Complete this question by entering your answers in the tabs below. Required Required 2 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account held, Enter your answers in millions (l... 10,000,000 should be entered as 10).) Show less View transaction list Journal entry worksheet 2 3 4 5 6 7 8 20 Record sale of preferred stock. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2023 and 2022. (Enter your answers in millions (1.e., 10,000,000 should be entered as 10).) ANACONDA INTERNATIONAL CORPORATION Balance Sheets at December 31 2023 2022 Shareholders' Equity Total shareholders' equity