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Changes in Shareholders' Equity On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on

Changes in Shareholders' Equity

On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items:

Additional paid-in capital on common stock $179,775
Additional paid-in capital on preferred stock 20,000
Common stock, $2 par 84,600
Preferred stock, $100 par 100,000
Retained earnings 202,000

During 2016, the company sold 3,100 shares of common stock for $13 per share and 430 shares of preferred stock for $137 per share. It also earned income of $82,000 and paid dividends of $7 per share on the preferred stock and $2.50 per share on the common stock outstanding at the end of 2016.

Required:

Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2016.

OSGOOD FILM STUDIOS
Statement of Shareholders' Equity
For Year Ended December 31, 2016
Preferred Stock $100 par Common Stock $2 par Additional Paid-in Capital on Preferred Stock Additional Paid-in Capital on Common Stock Retained Earnings Total
$fill in the blank 2 $fill in the blank 3 $fill in the blank 4 $fill in the blank 5 $fill in the blank 6 $fill in the blank 7
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fill in the blank 13 fill in the blank 14 fill in the blank 15
fill in the blank 17 fill in the blank 18
fill in the blank 20 fill in the blank 21
fill in the blank 23 fill in the blank 24
$fill in the blank 26 $fill in the blank 27 $fill in the blank 28 $fill in the blank 29 $fill in the blank 30 $fill in the blank 31

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