11 Ex 4-8

Required information [The following information applies to the questions displayed belowj The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow Stockholders' Equity (December 31, 2016) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 140,000 100,000 340,000 $580,000 Total stockholders' equity Stockholders Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares $164,800 149,600 420,000 734,400 40,000 $694,400 authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity 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? Cost per share 5. How much net income did the company earn during year 2017? Net income