Winkler's comparative balance sheets at December 31, 2020, and December 31, 2019, report the following (in millions). (Click the icon to view the comparative balance sheets.) Requirements Below are three situations about Winkler's issuance of shares and payment of dividends during the year ended December 31, 2020. For each situation, use the accounting equation and statement of retained earnings to compute the amount of Winkler's net income or loss during the year ended December 31, 2020. 1. Winkler issued shares for $12 million and paid no dividends. 2. Winkler issued no shares and paid dividends of $7 million. 3. Winkler issued shares for $23 million and paid dividends of $3 million. Begin by calculating the net income (loss) for Situation #1. Then calculate the net income (loss) for Situations #2 and #3. (Complete all answer boxes. For accounts with a $0 balance, make sure to enter "0" in the appropriate column. Use parentheses or a minus sign for numbers to be subtracted.) (Amounts in millions) Situation 1 Situation #2 Situation #3 Total shareholders' equity, December 31, 2019 Net income (loss) Add: Issuance of shares Less: Dividends Total shareholders' equity, December 31, 2020