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 4,700 shares of common stock for $13 per share and 430 shares of preferred stock for $133 per share. It also earned income of $82,000 and paid dividends of $7 per share on the preferred stock and $2.90 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 Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2016 . OSGOOD FILM STUDIOS