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:
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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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