Textbook Problem

Statement of Shareholders’ Equity On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders’ equity items:

Dining 2019, the company sold 3,000 shares of common stock for 310 per share and of preferred stock for $125 per share. It also earned income of $99,000 and paid dividends of $8 per share on the preferred stock and $1.50 per share on the common stock outstanding at the end of 2019.

Required:

Prepare Osgood’s statement of shareholders’ equity (include retained earnings) for 2019.