Fourth Question:

At December 31, 2019, the following balance sheet of National Foods, Inc. included the following shareholder's equity accounts:

Shareholders' Equity

($ in millions)

Preferred Stock, 9.09%, 11 million shares at $1 par

$11

Common Stock, 170million shares at $1 par

$170

Paid-in-capital, excess of par, preferred

$479

Paid-in-capital, excess of par, Common

$5610

Retained Earnings

$3,245

Paid-in-capital-share repurchase

$12

Total shareholders' equity

$9,527

On January 7, 2020, National Foods, reacquired %6 of its common shares for $397,800,000. Accordingly, the shareholders' accounts will be:

Account

$

Common Stock

Paid-in-capital, excess of par, common

Paid-in-capital-share repurchase

Retained Earnings