Question: 18-2 Shareholders' Equity Section (S in thousands, except per share amounts) Shareholders' Equity Preferred stock-$1 par value; 20,000 total shares authorized, Series A-600 Dec. 31,

18-2

18-2 Shareholders' Equity Section (S in thousands, except per share amounts) Shareholders'

Shareholders' Equity Section (S in thousands, except per share amounts) Shareholders' Equity Preferred stock-$1 par value; 20,000 total shares authorized, Series A-600 Dec. 31, 2019 Dec. 31, 2018 s 57,700 - shares authorized, issued, and outstanding $50 per share liquidation preference Series B-33 shares authorized, no shares outstanding Common stock-$0.10 par; 200,000 shares authorized, 19,940 and 18,580 shares issued and outstanding at Dec. 31, 2019, and Dec. 31, 2018, Additional paid-in capital Retained income Total shareholders' equiy 1,858 201,430 44.798 S361,352 248,086 1,994 227,992 73.666 Disclocures elsewhere in Sessel's annual report revealed the following changes in shareholders' equity accounts for 2019 2018, 2017: 2019: 1 The caly change in retained earninga during 2019 were preferred dividenda on preferred atock of $3,383,000 and net income. 2 The preserred atock ia coavertible. During the ea, 6,592 sharea were iued. All sharea were converted into 220,000 aharea of commoa atock. No z eain or loaawaa recorded oa the cooverion. 3. Commoa sharea were iued in a public offering and upoa the exercie of stock optioni. On the atatement of shareholdera equity, Seel' reporta these two itema on a ingle line eatitled: "Iauance of harea. 2018: 1 Net income: $12,126,000. Iaance ofcommoa atoel:: 5,580,000 harea at $112,706,000 Page 1083 2017: 1 Net income: $13,494,000. 2Laance of commoa atoal: 120,000 aharea at $526,000. From these disclosures, prepare comparative statements of sharebolders' equity for 2019, 2018, and 2017

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