Using Accounting Relations that Govern the Equity Statement (Medium) The following is a statement of common shareholders equity with some numbers missing (in millions of dollars). Balance, December 31, 2011 ? Net income ? Common dividends (132) Preferred dividends (30) Issue of common stock 155 Unrealized gain on securities held for sale 13 Foreign currency translation loss (9) Balance, December 31, 2012 ? A) The market value of the equity was $4,500 million at December 31, 2011, and $5,580 million at December 31, 2012. At both dates, the equity traded at a premium of $2,100 million over the book of the common equity. What was net income for 2012? B) Fill out themissing numbers in the equitystatement and reformulate it to identify com- prehensive income for the common shareholders for 2012. need step by step solution, thank you.