Optical Products Company reported the following shareholders equity on its balance sheet:

Sharholders Equity (dollars and shares in millions) 2020 2019

Preferred shares; authorized 20 shares; Convertible Preferred Shares;

issued and outstanding: 2020 and 2019 0 and 2 shares respectively $0 $12

Common shares; authorized unlimited shares; issued: 2020 and

2019 564 and 464 shares, respectively 3,270 1,900

Retained Earnings 6,280 5,006

Total Shareholders equity 9,550 6,918

Total liability and shareholders equity 48,918 45,549

Requirements

1. What could have caused Optical Productss preferred shares to decrease during 2020? Cite all the possible causes.
2. What could have caused Optical Productss common shares to increase during 2020? Identify all the possible causes.
3. How many shares of Optical Products were outstanding at December 31, 2020?
4. Optical Productss net income during 2020 was $1,410 million. How much were Optical Productss dividends during the year?