Statement of Shareholders' Equity On January 1, 2016, Knox Company showed the following alphabetical list of Shareholders' Equity balances: Additional paid-in capital on common stock $130,000 Additional paid-in capital on preferred stock 6,000 Common stock, $10 par 100,000 Preferred stock, $100 par 50,000 Retained earnings 224,000 During 2016, the following events occurred and were properly recorded by the company: a. Knox purchased an investment in available-for-sale securities. At year-end, the fair value of the securities had increased by $9,000. b. Knox issued 2,000 shares of common stock for $25 per share. C. Knox issued 110 shares of preferred stock for $116 per share. d. Knox reacquired 400 shares of its common stock as treasury stock at a cost of $26 per share. (Hint: Record the reacquisition cost in a Treasury Stock account.) e. Knox earned net income of $57,000. f. Knox paid a $7 per share dividend on the preferred stock and a $1.25 per share dividend on the common stock outstanding at the end of 2016 (treasury stock is not entitled to dividends). Required: Prepare a statement of shareholders' equity for 2016, including retained earnings. KNOX COMPANY Statement of Shareholders' Equity For Year Ended December 31, 2016 Additional Additional Accumulat Preferred Common Paid-in Paid-in ed Stock Stock Capital Capital Retained Other Treasury $100 par $10 par on on Earnings Comprehend Stock Total