Changes in Shareholders' Equity

On January $1,2016,$ the Osgood Film Studios reported the following alphabetical list of shareholders' equity items:

During $2016,$ the company sold $3,900$ shares of common stock for $$12$ per share and $290$ shares of preferred stock for $$124$ per share. It also earned

income of $$98,000$ and paid dividends of $$10$ per share on the preferred stock and $$2\mathrm{.}00$ per share on the common stock outstanding at the end of

Required:

Prepare Osgood's statement of shareholders' equity $($include retained earnings$)$ for $2016.$

OSGOOD FILM STUDIOS

Statement of Shareholders' Equity

For Year Ended December $31,2016$