4 Required information [The following information applies to the questions displayed below. The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow Part 4 of 4 n stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 140,000 100,000 340,000 Total $ 580,000 n stock-$4 par value, 100,000 shares uthorized, 41,400 shares issued, 3,000 shares in treasury $165,600 151,200 420,000 Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity 736,800 60,000) $676,800 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, Aug. 14 Issued the stock dividend that vas declared on July 31. Oet. 5 Declared a $0.50 pez share cash dividend, date of record October 10. 4. What is the per share cost of the treasury stock purchased? otal stockholders' equity $580,000 Common stock-$4 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury $165,600 151,200 420,000 736,800 (60,000 $676,800 Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity ces The following transactions and events affected its equity during year 2017 Jan. 5 Declared a s0.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Api. 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 20s stock dividend when the stock's market value vas $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. 4. What is the per share cost of the treasury stock purchased? 4 of 4