Question: Apollo Limited reported the following shareholders' equity data (all dollars in millions): (Click the icon to view the shareholders' equity data.) Apollo eamed net income

 Apollo Limited reported the following shareholders' equity data (all dollars in

Apollo Limited reported the following shareholders' equity data (all dollars in millions): (Click the icon to view the shareholders' equity data.) Apollo eamed net income of $2,970 during 2020. Common shares were issued for $20.00 each. For each account except Retained Earnings, one transaction explains the change from the December 31, 2019, balance to the December 31, 2020 balance. Two transactions affected Retained Earnings. Give a full explanation, including the dollar amount, for the change in each account Shareholders' equity data Preferred Shares million. Apollo derecognized preferred shares of $ December 31. Common Shares (Enter the number of shares rounded to one decimal place.) 2020 2019 Apollo issued million million common shares for $ 607 $ 737 Preferred shares 2.340 2.100 Retained Earnings Common shares. 20,675 19.100 dividends of $ million Retained earnings Retained earnings increased by of S2970 million and decreased by net income Print Done Time Remaining: 00:50:06 Nex Calculator Talk to Cortana 11:50 EBI

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