(Solved): Comparative statements of shareholders' equity for Anaconda International Corporation were reported ...

Comparative statements of shareholders' equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2024, 2025, and 2026. Required: 1. Infer from the statements the events and transactions that affected Anaconda International Corporation's shareholders' equity during 2024, 2025, and 2026. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) 2. Prepare the shareholders' equity section of Anaconda's comparative balance sheets at December 31, 2026 and 2025.