Statement of Shareholders' Equity On January 1, 2019, Knox Company showed the following alphabetical list of shareholders' equity items: $130,000 Additional paid-in capital on common stock Additional paid-in capital on preferred stock 6,000 Common stock, $10 par 100,000 Preferred stock, $100 par 50,000 224,000 Retained earnings Accumulated other comprehensive income 9,000 During 2019, the following events occurred and were properly recorded by the company: 1. Knox issued 2,000 shares of common stock for $25 per share. 2. Knox issued 110 shares of preferred stock for $116 per share. 3. 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.) 4. Knox earned net income of $57,000. 5. 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 2019 (treasury stock is not entitled to dividends). Required: Prepare a statement of shareholders' equity for 2019, including retained earnings. KNOX COMPANY Statement of Changes in Shareholders' Equity For Year Ended December 31, 2019 Preferred Stock $100 par Common Stock $10 par Additional Additional Paid-in Paid-in Capital Capital on on Preferred Common Stock Stock Accumulated Other Retained Comprehensive Treasury