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Please explain how to get the answers to the missing blanks. Statement of Shareholders' Equity On January 1, 2019, Osgood Film Studios reported the following
Please explain how to get the answers to the missing blanks.
Statement of Shareholders' Equity On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $135,150 Additional paid-in capital on preferred stock 19,000 Common stock, $2 par 63,600 Preferred stock, $100 par 95,000 Retained earnings 174,000 During 2019, the company sold 2,800 shares of common stock for $13 per share and 380 shares of preferred stock for $128 per share. It also earned income of $82,000 and paid dividends of $6 per share on the preferred stock and $1.90 per share on the common stock outstanding at the end of 2019. Required: Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2019. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Additional Additional Preferred Common Paid-in Capital on Preferred Stock Paid-in Capital on Common Stock Stock Stock Retained $2 par $100 par Earnings Total Balances, 1/1/19v 135,150 V 174,000 V 95,000 63,600 19,000 486,750 Common stock issued / 5,600 Preferred stock issued v 38,000 Net income . 82,000 82,000 Cash dividend paid on preferred v Cash dividend paid on common Balances, 12/31/19 v 133,000 69,200Step by Step Solution
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