1. Sky High Incorporated reported the following ($ in millions) as of December 31, 2020. All accounts have normal balances.

Retained earnings $6,000

Common stock 4,000

Paid-in capital-excess of par 62,000

Treasury stock (at cost) 800

During 2021 ($ in millions), net income was $18,000, 50% of the treasury stock was resold for $1,800; cash dividends declared were $1,000; cash dividends paid were $800.

What ($ in millions) was shareholders equity as of December 31, 2020?

What ($ in millions) was shareholders equity as of December 31, 2021?