Startech Limited reported the following shareholders

equity data all dollars #6726

Startech Limited reported the following shareholders equity data all dollars

Startech Limited reported the following shareholders' equity data (all dollars in millions):

________________________________________________________ December 31,

______________________________________________________ 2017 _______ 2016

Preferred shares............................................................................. $ 604 ......... $ 740

Common shares.................................................................................. 2,390 ......... 2,130

Retained earnings............................................................................... 20,661 ...... 19,108

Startech earned net income of $2,960 during 2017. Common shares were issued for $20.00
each. For each account except Retained Earnings, one transaction explains the change from
the December 31, 2016, balance to the December 31, 2017, balance. Two transactions affected
Retained Earnings. Give a full explanation, including the dollar amount, for the change in each
account?

Startech Limited reported the following shareholders equity data all dollars

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