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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 $131,750 10,600 62,000 $3,000 243,000 During 2019, the company sold 5,000 shares of common stock for $10 per share and 440 shares of preferred stock for $140 per share. It also earned income of $85,000 and paid dividends of $7 per share on the preferred stock and $1.40 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 OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Common Stock Preferred Stock $100 par 53,000 $2 par 62.000 10,000 Additional Paid-in Capital Additional Paid-in Capital on Preferred Stock on Common Stock 10,600 Retained Earnings Total 131,750 241,000 500,350 50,000 X 60,000 Net income Cash dividend paid on preferred Cash dividend paid on common Balances, 12/31/19 0000
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