3. At September 30, the end of Beijing Companys third quarter, the following stockholders equity accounts are reported.

Common stock, $10 par value	$	360,000
Paid-in capital in excess of par value, common stock		90,000
Retained earnings		320,000

In the fourth quarter, the following entries related to its equity are recorded:

Date	General Journal	Debit	Credit
Oct. 2	Retained Earnings	50,000
	Common Dividend Payable		50,000
Oct. 25	Common Dividend Payable	50,000
	Cash		50,000
Oct. 31	Retained Earnings	67,000
	Common Stock Dividend Distributable		32,000
	Paid-In Capital in Excess of Par Value, Common Stock		35,000
Nov. 5	Common Stock Dividend Distributable	32,000
	Common Stock, $10 Par Value		32,000
Dec. 1	MemoChange the title of the common stock
	account to reflect the new par value of $4.
Dec. 31	Income Summary	250,000
	Retained Earnings		250,000

Required: Complete the following table showing the equity account balances at each indicated date.

4. The equity sections from Atticus Groups 2016 and 2017 year-end balance sheets follow.

Stockholders Equity (December 31, 2016)

Common stock$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding	$175,000
Paid-in capital in excess of par value, common stock	135,000
Retained earnings	340,000
Total stockholders equity	$650,000

Stockholders Equity (December 31, 2017)

Common stock$5 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury	$206,000
Paid-in capital in excess of par value, common stock	178,400
Retained earnings ($50,000 restricted by treasury stock)	420,000
	804,400
Less cost of treasury stock	(50,000)
Total stockholders equity	$754,400

The following transactions and events affected its equity during year 2017.

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	5	Declared a $0.50 per share cash dividend, date of record July 10.
July	31	Declared a 20% stock dividend when the stocks market value was $12 per share.
Aug.	14	Issued the stock dividend that was declared on July 31.
Oct.	5	Declared a $0.50 per share cash dividend, date of record October 10.

Problem 13-4A Part 1

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