The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow stockholders Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 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 $240,000 200,000 340,000 $780,000 $282,000 256,000 400,000 938,000 (50,000) $888,000 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 20% stock dividend when the stock's market value was $14 per share. Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 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 Required: 1. How many common shares are outstanding on each cash dividend date? Outstanding common shares The following transactions and events affected its equity during the year. Jan. 5 Declared a $e.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 20% 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. Jan. 5 Apr. 5 $282,000 256,000 400,000 July 5 938,000 (50,000) $888,000 Oct. 5 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. 28 Purchased treasury stock for cash. Apr. 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 19. July 31 Declared a Aug. 14 Issued the Oct. 5 Declared a 20% stock dividend when the stock's market value was $14 per stock dividend that was declared on July 31. $0.50 per share cash dividend, date of record October 16. 2. What is the total dollar amount for each of the four cash dividends? Cash dividend amounts Jan. 5 Apr. 5 July 5 Oct. 5 19 uecember 31) Common stock-$6 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,eee restricted by treasury stock) Less cost of treasury stock Total stockholders' equity 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 $8.50 per share cash dividend, date of record July 10. July 31 Declared a 20% 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. Capitalization amount 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? rev 5 96 $282,000 256,000 400,000 7 938,000 (50,000) $888,000 lipi of 7 Next > creasury capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity 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 20% 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. 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) Cost per share Prev S 6 7 of 7 $282,000 256,000 400,000 938,000 (50,000) $888,000 ly Next > 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 20% stock dividend when the stock's market value was $14 pe 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. ow much net income did the company earn this year? ncome