1. Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3

The equity sections from Atticus Group's 2013 and 2014 year-end balance sheets follows.

Stockholders' Equity (December 31, 2013)

Common stock-$4 par value, 50,000 shares

authorized, 40,000 shares issued and outstanding $160,000

Paid-in capital in excess of par value, common stock 120,000

Retained earnings 340,000

___________

Total stockholders' equity $620,000

____________________________________________________________________________________________

Stockholders' Equity (December 31, 2014)

Common stock--$4 par value, 50,000 shares

authorized, 47,000 shared issued, 5,000 shares in treasury $188,000

Paid-in capital in excess of par value, common stock 190,000

Retained earnings ($40,000 restricted by treasury stock) __________

798,000

Less cost of treasury stock (40,000)

______________

Total stockholders' equity $758,000

________________________________________________________________________________________________

The following transactions and events affected its equity during year 2014.

Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10.

Mar. 20 Purchased treasury stock for cash.

Apr. 5 Declared a $0.60 per share cash dividend, date of record April 10.

July 5 Declared a $0.60 per share cash dividend, date of record July 10.

July 31 Declared a 20% stock dividend when the stock's market value is $14 per share.

Aug. 14 Issued the stock dividend that was declared on July 31.

Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10.

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

Jan. 5 Apr. 5 July 5 Oct. 5

Outstanding common shares __________________________________________________

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

Jan. 5 Apr.5 July 5 Oct.5

Cash dividend amounts ___________________________________________________

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

Capitalization amount __________________________

4. What is the per share cost of the treasury stock purchased? (round your answer to 2 decimal places.)

Cost per share ______________________________

5. How much net income did the company earn during year 2014?

Net income _______________________