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Please send back with same tables. The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (December 31, 2016) Common
Please send back with same tables.
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 $160,000 120,000 360,000 Total stockho lders' equity $640,000 Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury $ 189,600 Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) 179,200 420,000 788,800 Less cost of treasury stock (50,000) $ 738,800 Total stockholders' equity The following transactions and events affected its equity during year 2017. 5 Declared a $0.40 per share cash dividend, date of record January 10 Jan Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.40 per share cash dividend, date of record April 10 July 5 Declared a $0.40 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 share Aug. 14 Issued the stock dividend that was declared on July 31. Oct 5 Declared a $0.40 per share cash dividend, date of record October 10 Required: 1. How many common shares are outstanding on each cash dividend date? Apr. 5 July 5 Oct. 5 Jan. 5 Outstanding common shares 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Oct. 5 Apr. 5 July 5 Cash dividend amounts 3. What is the amount of the capitalization of retained earnings for the stock dividend? Capitalization amount 4. What is the per share cost of the treasury stock purchased? Cost per share 5. How much net income did the company earn during year 2017? Net incomeStep by Step Solution
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