During 2016, the company sold 2,500 shares of common stock for $8 per share and 280 shares of preferred stock for $122 per share. It also earned income of $97000 and paid dividends of $9 per share on the preferred stock and $1.80 per share on the common stock outstanding at the end of 2016.

le Show Me HowCalculator Print them l eBook Changes in Shareholders Equity On Danuary 1/ 2016, the Osgood Film Studios reported the following alphabetical list of shareholders equity items: Additional paid-in capital on common stock Additional paid-in capital on preferred stock Common stock, $2 par Preferred stock, $100 par Retained earnings During 2016, the company sold 2,500 shares of common stock for $8 per share and 280 shares of preferred stock for $122 per shar common stock outstanding at the end of 2016 $187,850 13.400 88,400 67,000 234,000 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 PreferredCommon StockPaid-in CapitalPaid-in Capital $100 par $2 par , 67,000 | Additional Retained on Preferred Stock on Common StockEarnings Balances, 1/1/16 88.400 V 13.400 187.850 V 234.000Y $ Common stock issued Preferred stock issued