Required information 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, 100,000 shares authorized, 30,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 150,000 110,0ee 340,000 600,000 Total stockholders' equity Stockholders' Equity (December 31, 2017) Common stock-$5 par value, 100,000 shares authorized, 35,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock $176,eee 136,000 Retained earnings ($60,e0e restricted by treasury stock) 420,e00 732,000 Less cost of treasury stock (60,000 Total stockholders' equity $672,000 The following transactions and events affected its equity during year 2017 5 Declared a $0.60 per share cash dividend, date of record January 10. Jan. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $e.60 per share cash dividend, date of record April 10. July 5 Declared a $e.60 per share cash dividend, date of record July 10. July 31 Declared a 20 % stock dividend when the stock's market value was $10 per share. Aug. 14 Issued the stock dividend that was declared on July 31. 5 Declared a $0.60 per share cash dividend, date of record October 10. Oct. Problem 11-4A 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 30,000 Problem 11-4A Part 2 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Apr. 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 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