Question: how can solve it Changes in Shareholders' Equity On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items:

how can solve it Changes in Shareholders' Equity On January 1, 2016,how can solve it

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 $118,150 Additional paid-in capital on preferred stock 15,600 Common stock, $2 par 55,600 Preferred stock, $100 par 78,000 Retained earnings 159,000 During 2016, the company sold 4,000 shares of common stock for $12 per share and 430 shares of preferred stock for $134 per share. It also earned income of $91,000 and paid dividends of $9 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 Retained Preferred Stock $100 par Common Stock $2 par Additional Additional Paid-in Paid in Capital Capital on on Preferred Common Stock Stock Earnings Total Total 1000 llllll

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