4 Part 1 of 5 Required Information Problem 11-4A 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. 3 points Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 48,800 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $240,000 2ee, eee 340, eee $780, eee Stockholders' Equity (December 31) Common stock-$6 par value, 180,eee shares authorized, 47,280 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,eee restricted by treasury stock) $282,00 242, eee 420, mee 944,000 (40,000) $984,00 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Jan. 5 Declared a $8.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.68 per share cash dividend, date of record April 1e. July 5 Declared a $0.68 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $2.68 per share cash dividend, date of record October 10. Problem 11-4A Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Answer is complete but not entirely correct. Jan. 5 Apr. 5 July 5 Oct. 5 40.000 36.000 x 36.000 X 42,300 X Outstanding common shares