The equity sections from Atticus Group?s 2017 and 2018 year-end balance sheets follow.

The following transactions and events affected its equity during year 2018.

Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10.

Mar. 20 Purchased treasury stock for cash.

Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10.

July 31 Declared a $0.50 per share cash dividend, date of record July 10.

Aug. 14 Declared a 20% stock dividend when the stock?s market value was $12 per share.

Oct. 5 Issued the stock dividend that was declared on July 31. Declared a $0.50 per share cash dividend, date of record October 10.

Required

1. How many common shares are outstanding on each cash dividend date?

2. What is the total dollar amount for each of the four cash dividends?

3. What is the amount of the capitalization of retained earnings for the stock dividend?

4. What is the per share cost of the treasury stock purchased?

5. How much net income did the company earn during year 2018?

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Stockholdors' Equity (Docombor 31, 2017) Common stock-$4 par valuo, 100,000sharos authorizod, 40,000 sharos issuod and outstanding. Paid-in capital in oxcoss of par valuo, common stock Retained earrings.. Total stockholders' equity $160,000 120,000 $600,000 Stockholders' Equity (December 31, 2018) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury.. Paid-incapital in excess of par value, common stock Retained earrings ($30,000 resticted by treasury stock).. $189,600 179,200 400,000 768,800 Less cost of treasury stock Total stockholders' equity (30.000) $738,800