Statement of Shareholders’ Equity On January 1, 2013, Osgood Film Studios reported the following alphabetical list of shareholders’ equity items:

      

During 2013, the company sold 4,000 shares of common stock for $13 per share and 490 shares of preferred stock for $126 per share. It also earned an income of $81,000 and paid dividends of $9 per share on the preferred stock and $2.8 per share on the common stock outstanding at the end of 2013.  

Required:

Prepare Osgood’s statement of shareholders’ equity (include retained earnings) for 2013.
 

Transcribed Image Text:

Additional paid-in capital on common stock Additional paid-in capital on preferred stock Common stock, $2 par Preferred stock, $100 par Retained eamings $170,000 12,000 80,000 60,000 209,000 Additional paid-in capital on common stock Additional paid-in capital on preferred stock Common stock, $2 par Preferred stock, $100 par Retained eamings $170,000 12,000 80,000 60,000 209,000

Answer rating: 100% (QA)

Osgood Film Studios Additional Paidin Capital on Common Stock 170000 Additional Paidin Capital on Pr... View the full answer