Theta Products Company reported the following stockholders' equity on its balance sheet: (Click the icon to view the stockholders' equity information.) Read the requirements. Requirement 1. What caused Theta's preferred stock to decrease during 2022? Cite all possible causes. Preferred stockholders could have converted their preferred stock to common stock. The second possibility is that the company retired preferred stock shares. Requirement 2. What caused the company's common stock to increase during 2022? Identify all possible causes. Theta may have issued common stock: 1.) To preferred shareholders who converted their preferred shares. 2.) For cash or other assets 3.) To pay a stock dividend. Requirement 3. How many shares of Theta's common stock were outstanding at December 31, 2022? 400 million shares outstanding of Theta's common stock at December 31, 2022. There were Data table Requirements 1. What caused Theta's preferred stock to decrease during 2022? Cite all possible causes. 2. What caused the company's common stock to increase during 2022? Identify all possible causes. 3. How many shares of Theta's common stock were outstanding at December 31, 2022? 4. Theta's net income during 2022 was $1,460 million. How much were the company's dividends during the year? During 2022, Theta sold no treasury stock. What average price per share did the company pay for the treasury stock that it purchased during the year? Stockholders' Equity December 31, (Dollars and shares in millions except for par value) 2022 2021 Convertible preferred stock-$0.50 par value; authorized 55 shares; issued and outstanding: 2022 and 2021-10 and 20 shares, respectively S 5 $ 10 Common stock-$6.00 per share par value; authorized 1,000 shares; issued: 2022 and 2021-400 and 300 shares, respectively Additional paid-in capital Retained eamings Treasury stock, common-at cost 2022-64 shares; 2021-4 shares Total stockholders' equity 2,400 1,800 1,600 983 6,290 5,025 (1,152) (60) 9,143 7,758 $ 49,763 $ 46,658 Total liabilities and stockholders' equity Print Done