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Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2018, 2019, and 2020. Retained Earnings 1,706 ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2018, 2019, and 2020 ($ in millions) Preferred Common Additional Stock Stock Paid-In $10 par $1 par Capital Balance at January 1, 2018 75 675 Sale of preferred shares 20 940 Sale of common shares 6 54 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2018 20 81 1,669 Retirement of shares (9) (81) Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a dividend 10 (10) Net income Balance at December 31, 2019 3e 72 1,578 Common stock dividend 6 59 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2020 30 78 1,637 (2) (17) 270 1,957 (10) (2) (21) Total Shareholders' Equity 2,456 960 60 (2) (17) 270 3,727 (100) (2) (21) 420 4,024 420 2,344 (65) (2) (23) 462 2,716 (2) (23) 462 4,461 Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2018, 2019, and 2020. Prepare the journal entries that reflect those events and transactions 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2020 and 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2018, 2019, and 2020. Prepare the journal entries that reflect those events and transactions. (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).) Show less View transaction list Journal entry worksheet Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2018, 2019, and 2020. Retained Earnings 1,706 940 ANACONDA INTERNATIONAL CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2018, 2019, and 2020 (s in millions) Preferred Common Additional Stock Stock Paid-In $10 par $1 par Capital Balance at January 1, 2018 75 675 Sale of preferred shares 20 Sale of common shares 6 54 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2018 20 81 1,669 Retirement of shares (9) (81) Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a dividend 10 (10) Net income Balance at December 31, 2019 30 72 1,578 Common stock dividend 59 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2020 30 78 1,637 (2) (17) 278 1,957 (18) (2) (21) Total Shareholders Equity 2,456 96e 60 (2) (17) 270 3,727 (100) (2) (21) 420 4,024 6 429 2,344 (65) (2) (23) 462 2,716 (2) (23) 462 4,461 Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2018, 2019, and 2020. Prepare the journal entries that reflect those events and transactions. 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2020 and 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2020 and 2019. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) ANACONDA INTERNATIONAL CORPORATION Balance Sheets (Partial) at December 31 2020 2019 Shareholders' Equity Total shareholders' equity

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