Omega Products Company reported the following shareholders' equity on its balance sheet: (Click the icon to view the shareholders' equity information.) Requirements 1. What could have caused Omega Products's preferred shares to decrease during 2020? Cite all the possible causes. 2. What could have caused Omega Products's common shares to increase during 2020 ? Identify all the possible causes. 3. How many shares of Omega Products were outstanding at December 31, 2020? 4. Omega Products's net income during 2020 was $1,460 million. How much were Omega Products's dividends during the year? Requirement 1. What could have caused Omega Products's preferred shares to decrease during 2020? Cite all the possible causes. (Select all that apply.) A. Stock split B. Conversion of common shares into preferred shares C. Retirement of common shares D. Stock dividend E. Conversion of preferred shares into common shares F. Issuance of preferred shares G. Issuance of common shares for cash or other assets H. Earning profits from operating the business I. Retirement of preferred shares Requirement 2. What could have caused Omega Products's common shares to increase during 2020 ? Identify all the possible causes. (Select all that apply.) A. Earning profits from operating the business that apply.) A. Earning profits from operating the business B. Stock split C. Retirement of common shares D. Stock dividend E. Conversion of preferred shares into common shares F. Conversion of common shares into preferred shares G. Retirement of preferred shares H. Issuance of preferred shares I. Issuance of common shares for cash or other assets Requirement 3. How many shares of Omega Products were outstanding at December 31, 2020? Omega Products's shares outstanding at December 31, 2020 amounted to million shares. Requirement 4. Omega Products's net income during 2020 was $1,460 million. How much were Omega Products's dividends during the year? Dividends paid during the year amounted to $ million. December 31, Shareholders' Equity (Dollars and shares in millions) 2020 2019 Preferred shares; authorized 20 shares; Convertible Preferred shares; issued and outstanding: 2020 and 2019-0 and 10 shares, respectively $ 0$60 Common shares; authorized unlimited shares, issued: 2020 and 2019-525 and 364 shares, respectively Retained earnings Total shareholders' equity Total liabilities and shareholders' equity