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ng Information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of

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ng Information applies to the questions displayed below.] 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-34 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 140,000 100,000 360.000 $ 600,000 Stockholders' Equity (December 31) Connon stock-$4 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) Los cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. $ 165,600 138,400 420,000 724.000 (50,000) 674,000 January 5 Declared a 80.60 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $0.60 per share cash dividend, date of record July 10. July 3: Declared a 200 stock dividend when the stock's market value was $10 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a 50.60 per share cash dividend, date of record October 10. 5. How much net income did the company earn this year? Not income

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