From the following information, prepare a reformulated statement of common shareholders' equity for 2012. Amounts are in millions.

Balance, December 31, 2011 ……………………………       $1,206

Net income …………………………………………………..                 241

Foreign currency translation loss ………………………           (11)

Unrealized gain on debt securities held ……………              24

Issue of shares ……………………………………………….                 45

Common dividends ………………………………………….             (94)

Preferred dividends ………………………………………….            (15)

Balance, December 31, 2012 ………………………………… $1,396

The beginning and end-of-year balances include $200 million of preferred stock.