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On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $118,575 Additional paid-in
On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items:
Additional paid-in capital on common stock | $118,575 |
Additional paid-in capital on preferred stock | 17,600 |
Common stock, $2 par | 55,800 |
Preferred stock, $100 par | 88,000 |
Retained earnings | 193,000 |
In 2019, the company sold 4,900 shares of common stock for $9 per share and 310 shares of preferred stock for $137 per share. It also earned an income of $82,000 and paid dividends of $10 per share on the preferred stock and $1.30 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.
Preferred Stock $100 par | Common Stock $2 par | Additional Paid-in Capital on Preferred Stock | Additional Paid-in Capital on Common Stock | Retained Earnings | Total | |
---|---|---|---|---|---|---|
Balances, 1/1/19 | $fill in the blank 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 |
Common stock issued | fill in the blank 7 | fill in the blank 8 | fill in the blank 9 | |||
Preferred stock issued | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 | |||
Net income | fill in the blank 13 | fill in the blank 14 | ||||
Cash dividend paid on preferred | fill in the blank 15 | fill in the blank 16 | ||||
Cash dividend paid on common | fill in the blank 17 | fill in the blank 18 | ||||
Balances, 12/31/19 | $fill in the blank 19 | $fill in the blank 20 | $fill in the blank 21 | $fill in the blank 22 | $fill in the blank 23 | $fill in the blank 24 |
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