Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 (The following information applies to the questions displayed below.) The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow Stockholders' Equity (December 31, 2016) Common stock-$5 par value, 180,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders, equity $ 175,000 135,000 320,000 $630,000 Stockholders' Equity (December 31, 2017) Common stock-sS par value, 109,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings (540,000 restricted by treasury stock) $206,898 178,400 440,000 824,400 (40,000) $784,400 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Problem 17-4A Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Jan.5 Apr. 5 July 5 Oct. 5 Outstanding common shares Problem 11-4A Part 2 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Dr. 5 July 5 Oct. 5 Cash dividend amounts Problem 11-4A Part 3 3. What is the amount of the capitalization of retained earnings for the stock dividend? Capitalization amount 2 Problem 11-4A Part 4 4. What is the per share cost of the treasury stock purchased? Cost per share Problem 11-4A Part 5 5. How much net income did the company earn during year 2017? Net income Less cost of treasury stock Total stockholders' equity (40,000) $784,400 The following transactions and events affected its equity during year 2017 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 $12 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. Problem 11-4A Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Jan. 5 Apr. 5 July 5 Outstanding common shares