Consider Table $2.$ Prepare a reformulated statement of common shareholders$$ equity for $2012.$

Amounts are in millions. The beginning and end$-$of$-$year balances include $$200$ of preferred

stock.

Table $2$

Statement of Shareholders$$ Equity

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$