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How much net income did the company earn during year 2018? The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow Stockholders
How much net income did the company earn during year 2018?
The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow Stockholders Equity (December 31, 2017) Common stock-$5 par value, 10e,809 shares authorized, 48,880 shares issued and outstanding Paid-in capital in excess of par value, comon stock Retained earnings Total stockholders' equity s 280,eee 16e,8ee 340 , s 780,80e Stockholders Equity (December 31, 2018) Common stock-$5 par value, 10e,809 shares authorized, 47,880 shares issued, 5,809 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($68,8e8 restricted by treasury stock) 235,080 289,8ae 488,88e Less cost of treasury stock Total stockholders' equity 66,888 $784,0e The following transactions and events affected its equity during year 2018. an. 5 Declared a $e.68 per share cash dividend, date of record January 1e Mar. 20 Purchased treasury stock for cash Apr. 5 Declared a $8.60 per share cash dividend, date of record April 1e July Declared a $8.68 per share cash dividend, date of record July 1 July 31 Declared a 28% stock dividend when the stock's market value was $12 per share Aug. 14 Issued the stock dividend that was declared on July 31 Oct. 5 Declared a $8.68 per share cash dividend, date of record October 1e Required: 1. How many common shares are outstanding on each cash dividend date? Apr Outstanding common shares 2. What is the total dollar amount for each of the four cash dividends? Apr Cash dividend amounts What is the amount of the capitalization of retained earnings for the stock dividend? What is the per share cost of the treasury stock purchased? (Round your answer to the nearest whole dollar amount.) Cost per shareStep by Step Solution
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