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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
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 Additional paid-in capital on preferred stock Common stock, $2 par Preferred stock, $100 par Retained earnings $164,050 18,200 77,200 91,000 235,000 During 2019, the company sold 3,400 shares of common stock for $10 per share and 300 shares of preferred stock for $126 per share. It also earned income of $97,000 and paid dividends of $7 per share on the preferred stock and $2.10 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. Balances, 1/1/19 Common stock issued Preferred stock issued Net income Cash dividend paid on preferred Cash dividend paid on common Balances, 12/31/19 OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Common Stock Preferred Stock $100 par $2 par 91,000 77,200 30,000 Additional Paid-in Capital Additional Paid-in Capital Retained on Preferred Stock on Common Stock Earnings 18,200 27,200 X 6,800 34,000 X 7,800 121,000 84,000 26,000 61,200 X 1100000 Total
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