Bears, Inc.s equity section of its balance sheet for the beg. of the current year (i.e. Jan. 1) and the end of the current year (Dec. 31) follows: Stockholders Equity [Jan. 1] Common Stock: $4 par, 100,000 sh authorized, 40,000 sh issued and outstanding 160,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 320,000 Total Stockholders Equity 600,000 Stockholders Equity [Dec. 31] Common Stock: $4 par, 100,000 sh authorized, 47,400 sh issued, 3,000 sh. of treasury stock 189,600 Paid-in capital in excess of par value, common stock 179,200 Retained earnings 400,000 768,800 Less cost of treasury stock (30,000) Total Stockholders Equity 738,800 The following transaction and events affected its equity during the year: Jan. 5 Declared a $0.50 per share cash dividend, date of record Jan. 10th March 20 Purchased treasury stock for cash April 5 Declared a $0.50 per share cash dividend, date of record April 10th July 5 Declared a $0.50 per share cash dividend, date of record July 10th July 31 Declared a 20% stock dividend when the stocks market value was $12 per share Aug. 14 Issued the stock divided that was declared on July 31 Oct. 5 Declared a $0.50 per share cash dividend, date of record Oct. 10th Determine the number of common shares that are outstanding on each cash dividend date. Determine the total dollar amount for each of the 4 cash dividends. Determined the amount of retained earnings transferred to paid-in capital accounts for the stock divided? Determine the per-share cost of the treasury stock purchased. Determine the net income the company earned this year.