From the following information prepare a reformulated statement of common shareholders equity for 2008. Amounts are in

Question:

From the following information prepare a reformulated statement of common shareholders’ equity for 2008. Amounts are in millions.
Balance, December 31, 2007 ..... $1,206
Net income .............. 241
Foreign currency translation loss .... (11)
Unrealized gain on debt security held ... 24
Issue of shares ............ 45
Common dividends .......... (94)
Preferred dividends .......... (15)
Balance, December 31, 2008 ....... $1,396