L. HW. Saved The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow Stockholders' Equity (December 31, 2016) Common stock-$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $160,000 120,000 320,000 $ 600,000 Total stockholders' equity Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 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) $189,600 179,200 400,000 768,800 Less cost of treasury stock (30,000) Total stockholdera' equity $738,800 The following transactions and events affected its equity during year 2017 5 Declared a $0.50 per share cash dividend, date of record January 10. Jan Mar. 20 Purchased treasury stock for cash. 5 Declared a $0.50 per share cash dividend, date of record April 10. Apr. 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 sha: Aug. 14 Issued the stock dividend that was declared on July 31. 5 Declared a $0.50 per share cash dividend, dato of record October 10. Oct. General General Cash Requirement Trial Balance Stock Dividend Journal Ledger Dividends The following transactions and events affected its equity during 2017. Prepare the journal entr and then agree the year-end balances with the December 31, 2017 Stockholders' Equity statemen View transaction list View journal entry worksheet