At December 31, 2021, Sullivan Corporation teported the stockholders equity acoounts shown
hote (with dollar amounts in miltigns, except per-share amounts). Sullvan's 2022 trantactions
included (Click the icon to view the data.) (Click the icon to view the transactions,) Requirements
1. Journalize Sullivar's transactions in parts b, c d, and e. Explanatons are not requied. 2. What
was the cverall effect of these transacters (parts a-0) on Sulivan's charkhindtare eniev?
Requirement 1. Journalize Sullivaris transactions in b,c,d, and e. Explanatons are not required.
(Enter amounts in milions as provided to you in ite problem stakemeit Recond dabits first, thei
credits. Exclude explanations from any joumal entries.) b. Istuance of 16 milion shares of commen
stock for 516.00 per share.Data tables as provided t a. Net income, $444 million b. Issuance of 16
million shares of common stock for $16.00 per share c. Purchase of 6 million shares of treasury
stock for $84 million d. Sold 1 million of the treasury shares purchased in part c for $15 million e.
Declaration and payment of cash dividends of $35 million