Homework answers / question archive /  On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid in capital on common stock $198 475 Additional paid-in capital on preferred stock 19,000 Common stock, $2 par 93,400 Preferred stock, 5100 par 95,000 Retained earnings 181,000 During 2016, the company sold 2

 On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid in capital on common stock $198 475 Additional paid-in capital on preferred stock 19,000 Common stock, $2 par 93,400 Preferred stock, 5100 par 95,000 Retained earnings 181,000 During 2016, the company sold 2

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 On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid in capital on common stock $198 475 Additional paid-in capital on preferred stock 19,000 Common stock, $2 par 93,400 Preferred stock, 5100 par 95,000 Retained earnings 181,000 During 2016, the company sold 2.100 shares of common stock fot 512 per share and 480 shares of preferred stock for $13 be share. It also cured income of 4,000 and nature per share on the preferred stock and $1.50 per share on the common stock outstanding at the end of 2016 Required: Prepare Owood's statement of shareholders out oncluderetaned earning) for 2010 OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December, 2016 Adi med Preferred Common cata namio Preferred Stod Ada Shoe Stack 2 $100 papar
per share on the preferred stock and $1.50 per share on the common stock outstanding at the end of 2016. Required: Prepare Osgood's statement of shareholders' equity (indude retained earnings) for 2016. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2016 Preferred Common Stock Stock $2 $100 par par Additional Pald-in Capital on Preferred Stock Additional Pald-in Retained Capital on Common Earnings Stock Total 95.000 93.400 19.000 198.475 Balances, 1/1/16 Common stock issued Cash dividend paid on preferred Net Income Cash dividend paid on preferred Cash dividend paid on common Balances, 12/31/16
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 $198,475 Additional paid in capital on preferred stock 19,000 Common stock $2 par 93,400 Preferred stock, $100 par 95,000 Retained earnings 181,000 During 2016, the company sold 2,100 shares of common stock for $12 per share and 480 shares of preferred stock for $131 per share. It also earned income of $84,000 and paid dividends of $10 per share on the preferred stock and $1.50 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 Additional Additional Preferred Pald-in Paid in Common Capital Capital Stock 52 par $100 par on Preferred on Common Stock Stock Retained Stock Earnings Total