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More info a. Net income, $448 million b. Issuance of 22 million shares of common stock for $16.50 per share c. Purchase of 5 million

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More info a. Net income, \$448 million b. Issuance of 22 million shares of common stock for $16.50 per share c. Purchase of 5 million shares of treasury stock for $55 million d. Sold 4 million of the treasury shares purchased in part c for $48 million e. Declaration and payment of cash dividends of $36 million R1 At December 31,2021 , Sullivan Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Sullivan's 2022 transactions and equity related journal entries were recorded as follows: Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31 , 2022. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Use parentheses or a minus sign for numbers to be subtracted. For purposes of this exercise, ignore the outstanding shares in the statement of stockholders' equity. Enter amounts in millions, except for par value, as provided to you in the problem statement.)

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