Changes in Shareholders' Equity

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

Additional paid-in capital on common stock	$164,900
Additional paid-in capital on preferred stock	13,600
Common stock, $2 par	77,600
Preferred stock, $100 par	68,000
Retained earnings	206,000

During 2016, the company sold 3,700 shares of common stock for $11 per share and 440 shares of preferred stock for $136 per share. It also earned income of $96,000 and paid dividends of $7 per share on the preferred stock and $2.80 per share on the common stock outstanding at the end of 2016.

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
	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
	$	$	$	$	$	$
	$	$	$	$	$	$