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.

OSGOOD FILM STUDIOS
Statement of Shareholders' Equity
For Year Ended December 31, 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

Answer rating: 100% (QA)

Balances Janurary 1 2019 Common stock issued Preferred st... View the full answer