comparative statements of shareholders equity for

Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2021 2022 and 2023. $10 par $1 par Retained Earnings 1,926 ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2021, 2022, and 2023 (s in millions) Preferred Common Additional stock stock Paiden Capital Balance at January 1, 2021 80 560 Sale of preferred shares 990 Sale of common shares 8 56 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2021 30 88 1,600 Retirement of shares (5) (35) 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 8 1,556 Common stock dividend 61 Cash dividend, preferred Cash dividend, common Net Income Balance at December 31, 2023 1,617 (3) (20) 370 2,273 (18) Total Shareholders' Equity 2,566 1,020 64 (3) (20) 370 3,997 (58) (3) (24) (24 520 520 2,748 (69) (3) (26) 562 3,212 (3) (26) 562 4,965 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