On December 31, 2020, Berclair Inc. had 400 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 30 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2021. Five million treasury shares were sold on October Net Income for the year ended December 31, 2021, was $650 million Required: Come Borrowe On December 31, 2020, Berclair Inc. had 400 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 30 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2021. Five million treasury shares were sold on October Net Income for the year ended December 31, 2021, was $650 million Required: Come Borrowe