How i correctly solve for net income?

Required information [T he following information applies to the questions displayed belo w.) 31)3Hovr Stockholders' Equity (January 1) Common stock$4 par value, 100,000 shares Stockholders' Equity (December 31) Common stock$4 par value, 100,000 shares authorized, 47,200 shares issued, 4,000 shares in treasury Paidin capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity Mar. 20 Purchased treasury stock for cash. The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December authorized, 40,000 shares issued and outstanding $160,000 Paidin capital in excess of par value, common stock 120,000 Retained earnings 320,000 Total stockholders' equity $600,000 $188,800 163,200 420,000 772,000 (50,000) $722,000 The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.40 per share cash dividend, date of record January 10. Apr. 5 Declared a $0.40 per share cash dividend, date of record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $10 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.40 per share cash dividend, date of record October 10. 5. How much net income did the company earn this year? 6 Answer is complete but not entirely correct