5 92,700 37.400 21.500 58.700 $210,300 182.000 $392.300 Statement of Shareholders' Equity On January 1, 2019, Powder Company provided the following shareholders' equity section of its balance sheet: Contributed Capital: Preferred stock, 5100 par Common stock, 5 par Additional paid in capital on preferred stock Additional paid-in capital on common stock Total contributed capital Retained earnings Total Shareholders Equity During 2019, the following transactions and events occurred and were properly recorded: 1. Powder issued 1,600 shares of common stock at $14 per share. 2. Powder issued 330 shares of preferred stock at $140 per share. 3. Powder earned net income of $38,950. 4. Powder paid a $8 per share dividend on the preferred stock and a $1 per share dividend on the common stock outstanding at the end of 2019. Required: Prepare Powder's statement of shareholders' equity (include retained earnings) for 2019. POWDER COMPANY Statement of Shareholders Equity For Year Ended December 31, 2019 Additional Additional Preferred Common Stock Stock $100 par $5 par Paid-in Capital on Preferred Paid-in Retained Capital on Earnings Common Stock Total Stock 29 00 Balances, 1/1/19 Common stock issued Preferred stock issued Net Income Cash dividend paid on preferred Cash dividend paid on common Balances, 12/31/19 QUILINU 199