60.1K

Verified Solution

Link Copied!

Statement of Shareholders' Equity On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: During 2019, the company sold 3,500 shares of common stock for $13 per share and 350 shares of preferred stock for $122 per share. It also earned income of $86,000 and paid dividends of $8 per share on the preferred stock and $2.90 per share on the common stock outstanding at the end of 2019 . This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Statement of Shareholders' Equity On January 1.2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: REQUIRED: Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2019. Type in the line item descriptions and use formulas and cell references from the problem data to enter amounts. Formulas entered in the green cells show in the orange cells. Transfer results to CNOWv2 for grading. 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

Answer & Explanation Solved by verified expert

See Answer