Check my work Stockholders' Equity Qanuary 1) Common stock-$4 par value, 100,000 shares authorized, 40,000 shares 15sued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 160,000 120,000 320,000 $ 600,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,800 shares authorized, 47, 400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $ 189,600 179,200 400,000 768,800 (30,000) $ 738,800 The following transactions and events affected its equity during the year, January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 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 18, July 31 Declared a 204 stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record October 10, Required: 1. How many common shares are outstanding on each cash dividend date? October 5 January 5 July 5 April Outstanding common shares Next > CD 10 12 of 12 8 9 Prey Check my work Stockholders' Equity (January 1) Common stock-54 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 160,000 Retained earnings 120.000 320, Total stockholders' equity 5 600,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47, 480 shares issued, 3,000 shares in treasury $ 189,600 Paid-in capital in excess of par value, common stock 179, 280 400,00 Retained earnings ($30,000 restricted by treasury stock) 768,800 (30,000) Less cost of treasury stock $ 738,800 Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 18. July 5 Declared a $0.50 per share cash dividend, date of record July 10, July 31 Declared a 204 stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record October 10. 2. What is the total dollar amount for each of the four cash dividends. April 5 July 5 October 5 January 5 Cash dividend amounts The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) foliow. Check my work Stockholders' Equity (January 1) Common stock-$4 par value, 160,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 160,000 Retained earnings 120,000 320,000 Total stockholders' equity $ 600,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47, 400 shares issued, 3,000 shares in treasury $ 189,600 Paid-in capital in excess of par value, common stock 179,200 Retained earnings ($30,000 restricted by treasury stock) 400,00 768,800 Less cost of treasury stock $ 738,800 Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $8.50 per share cash dividend, date of record July 10. July 31 Declared a 200 stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $9.50 per share cash dividend, datelof record October 10. (30,000) 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Capitalization amount Next > 5 1 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Check my work Stockholders' Equity (January 1) Common stock-$4 par value, 100,800 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 160,000 Retained earnings 120,000 320,000 Total stockholders' equity $ 600,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,60e $ 189,600 shares in treasury Paid-in capital in excess of par value, common stock 400,000 Retained earnings ($30,000 restricted by treasury stock) (30,880) Less cost of treasury stock Total stockholders' equity 179,200 768,880 $ 738,800 The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 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 stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 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? Cost per share Next > The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Check my work Stockholders' Equity (January 1) Common stock-54 par value, 100,000 shares authorized, 48,800 shares issued and outstanding Paid-in capital in excess of par value, common stock $ 160,000 Retained earnings 120.000 320,000 Total stockholders' equity $ 600,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury $ 189,600 Paid-in capital in excess of par value, common stock 179,200 Retained earnings ($30,000 restricted by treasury stock) 480,000 768,800 Less cost of treasury stock (30,000) $ 738,800 Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 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 $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a se.5e per share cash bividend, date of record October 10. 5. How much net income did the company earn this year? Not income