Statement of Shareholders' Equity On January 1, 2016, Osgood Film Studios reported the following alphabetical list of shareholders' equity items! Additional paid-in capital on common stock $170,000 Additional paid-in capital on preferred stock 12,000 Common stock, $2 par 80,000 Preferred stock, $100 par 60,000 209,000 Retained earnings During 2016, the company sold 3,000 shares of common stock for $10 per share and 500 shares of preferred stock for $125 per share. It also earned income of $99,000 and paid dividends of $8 per share on the preferred stock and $1.50 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 Statement of Shareholders' Equity For Year Ended December 31, 2016 Additional Preferred Common Stock Pald-in Capital Stock $2 par on Preferred $100 par Retained Additional Paid-in Capital mon Stock Earnings $ 60,000 12,000 $ 209,000 Balances, 1/1/16 Common stock issued Preferred stock issued 50.000 Net Income Cash dividend paid on preferred E Cash dividend paid on common Balances, 12/31/16 $110,000 $36.000 ATSTRAN)