Question: E9.3. A Simple Reformulation of the Equity Statement (Easy) From the following information, prepare a reformulated statement of common sharehold- ers' equity for 2012. Amounts

E9.3. A Simple Reformulation of the Equity Statement (Easy) From the following information, prepare a reformulated statement of common sharehold- ers' equity for 2012. Amounts are in millions. Balance, December 31, 2011 Net income $1,206 241 Foreign currency translation loss Unrealized gain on debt securities held Issue of shares (11) 24 45 Common dividends Preferred dividends (94) (15) $1,396 Balance, December 31, 2012 The beginning and end-of-year balances include $200 million of preferred stock.

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