On January 1, 2019, Powder Company provided the following shareholders equity section of its balance sheet: Contributed Capital: Preferred stock, $100 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 $92,700 37,400 21,500 58,700 $210,300 186,000 $396.300 Spreadsheet During 2019, the following transactions and events occurred and were properly recorded: 1. Powder issued 1,800 shares of common stock at $14 per share 2. Powder issued 330 shares of preferred stock at $140 per share. 3. Powder warned net income of $38,950. 4. Powder paid a $6 per share dividend on the preferred stock and a $1 per share dividend on the common stock outstanding at the end of 2 Required: Prepare Powder's statement of shareholders equity (Include retained earnings) for 2019. POWDER COMPANY Statement of Shareholders' Equity For Year Ended December 31, 2015