LHCIVHUVITY HUIUUII OPPICS IULIC YESUS Viapoycu WCIUW. 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, 35,000 shares issued and outstanding $ 210,000 Paid-in capital in excess of par value, common stock 170,000 Retained earnings 320,000 Total stockholders' equity $ 700,000 Stockholders. Equity (December 31) Common stock-56 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders equity $ 247,200 207,200 440,000 894,400 (40,000) $ 854,400 The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.50 per share canh 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 201 stock dividend when the stock's market value was $12 per share. August 14 Tonued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share canh dividend, date of record October 10. 5. How much net income did the company earn this year? Not Income