1. Record sale of preferred stock.
2. Record sale of common stock.
3. Record declaration of cash dividend for preferred shares.
4. Record payment of cash dividend for preferred shares.
5. Record declaration of cash dividend for common shares.
6. Record payment of cash dividend for common shares.
7. Record transfer of net income to retained earnings.
8. Record the repurchase of shares for retirement. (Assume weighted average method).
9. Record declaration of cash dividend for preferred shares.
10. Record payment of cash dividend for preferred shares.
11. Record declaration of cash dividend for common shares.
12. Record payment of cash dividend for common shares.
13. Record the stock split for preferred shares effected in the form of a dividend.
14. Record transfer of net income to retained earnings.
15. Record distribution of common stock dividend.
16. Record declaration of cash dividend for preferred shares.
17. Record payment of cash dividend for preferred shares.
18. Record declaration of cash dividend for common shares.
19. Record payment of cash dividend for common shares.
20. Record transfer of net income to retained earnings.

Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years nding December 31, 2024, 2025, and 2026. Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2024, 2025, and 2026. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2026 and 2025. Complete this question by entering your answers in the tabs below. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2024, 2025, and 2026. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Journal entry worksheet Note: Enter debits betore credits. Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2024, 2025, and 2026. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2026 and 2025. Complete this question by entering your answers in the tabs below. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2026 and 2025. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10)