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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 | |
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fill in the blank 9 | fill in the blank 10 | fill in the blank 11 | ||||
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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