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 $144,925 15,400 68,200 77,000 237,000 Retained earnings During 2019, the company sold 3,900 shares of common stock for $10 per share and 390 shares of preferred stock for $140 per share. It also earned income of $95,000 and paid dividends of $11 per share on the preferred stock and $1.00 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 Paid-in Capital on Preferred Additional Preferred Stock $100 par Common Stock Paid-in Capital on Common Retained $2 par Earnings Total Stock Stock Balances, 1/1/19 77,000 68,200 15,400 144,925 237,000 542,525 Common stock issued 7,800 31,200 39,000 Preferred stock issued 39,000 15,600 54,600 Net income 95,000 95,000 Cash dividend paid on preferred Cash dividend paid on common Balances, 12/31/19 38,000 38,000 116,000 76,000 31,000 176,125 281,240 680,365