(December 31) follow. Stockholders' Equity (January 1) Common stock-55 par value, 100,600 shares authorized, 40,800 shares issued and outs tanding Paid-in capital in excess of par value, comimon stock Retained earnings Total stockhotders" equity Stockhotders: Equity (December 31) Common stock-\$5 par vatue, 100,000 shares authorized, 47,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings (\$5a,00e restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.40 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.40 per share cash dividend, date of record Aprit 10. July 5 Declared a 50,40 per share cash dividend, date of record July 10. July 31 Declared a 20s stock dividend when the stock's market value was $12 per August 14 Issued the stock dividend that was dectared on July 31 . October 5 Declared a 50.40 per share cash dividend, date of record October 10. 5. How much net income did the company earn this year