0 Required information Problem 13-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 The following information applies to the questions displayed below.) The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-56 par value, 188,800 shares authorized, 40,800 shares issued and outstanding 5 240,00 Paid-in capital in excess of par value, common stock 200,000 Retained earnings 340, eee Total stockholders' equity $ 780,000 Stockholders' Equity (December 31) Common stock-$6 par value, 188,888 shares authorized, 47,280 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) $ 283,200 228.800 420,000 932,600 450,000) $ 882,00 Less cost of treasury stock Total stockholders equity The following transactions and events affected its equity during the year January 5 Declared a $2.50 per share cash dividend, date of record January 18, March 2e Purchased treasury stock for cash. April 5 Declared a $e.5e per share cash dividend, date of record April 10. July 5 Declared a $8.50 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a 50.58 per share cash dividend, date of record October 10 5. How much net income did the company earn this year? Net income $ 279,600 Answer is complete but not entirely correct. July 5 January 5 $ 20,000 April 18,000 October 5 14,400 $ Cash dividend amounts $ S 18,000