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Statement of Shareholders' Equity On January 1, 2019, Osgood Film Studios reported the following alphabetical...

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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 common stock $176,375 Additional paid-in capital on preferred stock 11,600 Common stock, $2 par 83,000 Preferred stock, $100 par 58,000 Retained earnings 194,000 During 2019, the company sold 3,800 shares of common stock for $12 per share and 290 shares of preferred stock for $137 per share. It also earned income of $90,000 and paid dividends of $10 per share on the preferred stock and $1.40 per share on the common stock outstanding at the end of 2019. Required: Drenare Osoood's statement of shareholders' equity (include retained earnings) for 2019. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Additional Additional Preferred Common Paid-in Paid-in Stock Stock Capital Capital $100 par $2 par on Preferred on Common Stock Stock Retained Earnings Total 58,000 83,000 11.600 522.975 176,375 194.000 Balances, 1/1/19 Common stock issued 7.600 Preferred stock issued 29.000 90,000 90.000 Net income Cash dividend paid on preferred Cash dividend paid on common 626,185 87.000 90,600 / Balances, 12/31/19

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