Reference no: EM13874502

On January 1, 2010, the Osborne Company reported the following alphabetical list of stockholders equity items:

Additional paid in capital on common stock ......... $170,000
Additional paid in capital on preferred stock ........ 12,000
Common stock, $2 par .................. 80,000
Preferred stock, $100 par ................. 60,000
Retained earnings ................... 209,000

During 2010, the company sold 3,000 shares of common stock for $10 per share and 500 shares 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 2010.

Required:
Prepare a statement of changes in stockholders equity of the Osborne Company for 2010. (Include retained earnings.)