Q7.

Required information The following information applies to the questions displayed below.] The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. rt 5 of 5 Stockholders' Equity (December 31, 2016) Common stock-$5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 200,009 168,800 346,900 $ 700,000 eBook Ask Print Stockholders' Equity (December 31, 2017) Common stock-$5 par value, 100,0e0 shares authorized, 47,400 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) $237,000 211,800 428,000 868, 800 (50,909) $818,800 Less cost of treasury stock Total stockholders' equity 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 19. Mar. 20 Purchased treasury stock for cash Apr. 5 declared a $0.50 per share cash dividend, date of record April 10. Duly 5 Declared a $e.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