Chapter 11 C Saved ! 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) fc Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 30,000 shares issued and outstanding $120,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 320,000 Total stockholders' equity $520,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 35, 400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $141,600 134,000 440,000 715,600 (50,000) $665,600 The following transactions and events affected its equity during the year. 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 200 stock dividend when the stock's market value was $14 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 11-4A Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Apr. 5 July 5 Oct. 5 Jan. 5 30,000 Outstanding common shares Problem 11-4A Part 2 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Apr. 5 July 5 Oct. 5 Cash dividend amounts Problem 11-4A Part 3 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Answer is complete but not entirely correct. Capitalization amount $ 54,000 Problem 11-4A Part 4 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) Cost per share erences Problem 11-4A Part 5 5. How much net income did the company earn his year? Net income