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Hi I need help answer the following question thank you Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the
Hi I need help answer the following question thank you 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 1,794 ANUNCONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2021, 2012, and 2023 (5 in millions) Preferred Common Additional Stock Stock Paid-In 510 par 51 par Capital Balance at January 1, 2021 360 Sale of preferred shares 2e 820 Sale of common shares 7 42 Cash dividend, preferred Cash dividend, common Net Income Balance at December 31, 2021 20 69 1,222 Retirement of shares (5) (30) Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a dividend 10 (10) Net Income Balance at December 31, 2022 30 62 1,182 Common stock dividend 6 41 Cash dividend, preferred Cash dividend, common Not incon Balance at December 31, 2023 30 68 1,223 (2) (14) 210 2,068 (12) (2) (18) Total Shareholders Equity 2,214 840 49 (2) (34) 310 3,197 (47) (2) (16) 460 2.530 250 3,790 (427) (2) (20) saz 2.94 (2) (22) 4.27 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 2. Prepare the shareholders' equity section of Anaconde's comparative balance sheets at December 31, 2023 and 2e2 Complete this question by entering your answers in the tabs below. Required: Required 2 Inter 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 field. Enter your answers in millions (it. 10,000,000 should be entered as 10).) View transactions Journal entry worksheet Record sale of preferred stock
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