Module 2 Assignment Changes in Shareholders' Equity On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capita Additional paid-in capital of Common stock $2 1204425 30,000 300,000 104,000 During 2016, the company sold 2,700 shares of common stock for $8 per share and 240 shares of preferred stock for $122 per share. It also earned income of $93,000 and paid dividends of $10 per share on the preferred stock and $2.60 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. Preferred OSGOOD FILM STUDIO For Year Ended December 31, 2016 Stack Common Stock 63 par Paid-Capital $100 per 100 Paid-in Capital on Preferred Stock Comen Stock Earnings Total Previous Module 2 Assignment Changes in Shareholders' Equity On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additione din capital comm $204,425 Common stock, 2 par Preferred stock, $100 20,000 96,300 100,000 194,000 During 2016, the company sold 2,700 shares of common stock for $8 per share and 240 shares of preferred stock for $122 per share. It also earned income of $93,000 and paid dividends of $10 per share on the preferred stock and $2.60 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 For Year Ended December 31, 2016 Additional par Preferred Common Stock $2 Paid-in Capital Stock $100 par on Preferred Stock Balance 1/1/16- Common stock Cash dividend paid on asferred Cash dividend aidon.common. 12/31/16 Additional Paid-in Capital Rad an Common Stock Total The following partially completed schedule will help you to organize the information for this exercise. Balance 1/1/16 Cash dividend paid on preferred Cath dividend paid an comman 12/31/16 Stock Stock Paid-in Capital Paid-in Capital Retained $100 par 12 paron Preferred Stacken Common Stock Earnings Tatal $500,000 300 $30,000 1304425 184.00004 S 604,025 Previ