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Statement of Shareholders' Equity On January 1, 2019, Osgood Flim Studios reported the following alphabetical list of shareholders' equity items: During 2019, the company sold
Statement of Shareholders' Equity On January 1, 2019, Osgood Flim Studios reported the following alphabetical list of shareholders' equity items: During 2019, the company sold 5,000 shares of common stock for $12 per share and 340 shares of preferred stock for $127 per share. It also earned income of $96,000 and paid dividends of $6 per share on the preferred stock and $2.80 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
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