On January 1, 2013, Osgood Film Studios reported the following alphabetical list of shareholders' equity items:

Additional paid-in capital on common stock.........................$170,000

Additional paid-in capital on preferred stock...........................12,000

Common stock, $2 par......................................................80,000

Preferred stock, $100 par...................................................60,000

Retained earnings..........................................................209,000

During 2013, the company sold 3,000 shares of common stock for $10 per share and 500 shares of preferred stock for $125 per share. It also earned income of $99,000 and paid dividends of $8 per share on the preferred stock and $1.50 per share on the common stock outstanding at the end of 2013.

Required:

Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2013.