IV. Share Retirement (10%) The following is Highland's Shareholders' Equity section for December 31, 2019. Dollars (S) are in millions. Preferred stock, 7% cumulative, $1000 par Common stock, 150 million shares, $1 par Add'l pald-In Capital-Preferred Add'l paid-in Capital-Common Add paid-In Capital-Share repurchase Retained Earnings Total Shareholders' Equity $ 700 $ 150 $ 2 $ 2,850 $ 382 $2.100 $5,554 On January 2, 2018, Highland reacquired 17 million shares at $17.00 per share. On September 15, Highland reacquired 14 million shares at $26.00 per share. On November 20, sold 12 million shares for $30 per share. Total cash dividends to Preferred and Common declared on December 15 were $149 million. There were no dividends in arrears on the Preferred Stock Net Income for 2018 was $850 million; fiscal year end is December 31. REQUIRED: Assuming Highland treats share repurchases as share retirements, present the equity section for Highland as of December 31, 2020