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-$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding $180,000 Paid-in capital in excess of par value, 140,000 common stock Retained earnings Total stockholders' equity 340,000 $660,000 stockholders' Equity (December 31, 2017) Common stock-$6 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 Retained earnings ($60,000 restricted by treasury stock) $211,200 171,200 400,000 Less cost of treasury stock Total stockholders' equity 782,400 (60,000) $722,400 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 20t stock dividend when the stock's market value was $12 per share. Aug. 14 Issued the stock dividend that vas declared on July 31. Oct. 5 Declared a $0.50 per share cash dividend, date of record October 10. Problem 11-4A Part Required: 1. How many common shares are outstanding on each cash dividend date? Jan. 5 Apr. 5 July 5 Oct.5 Outstanding commorn 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-$6 par value, 100,000 shares authorized, 30, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $180,000 140,000 340,000 $660,000 Stockholders' Equity (December 31, 2017) Common stock-$6 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 Retained earnings ($60,000 restricted by treasury stock) $211,200 171,200 400,000 782,400 $722,400 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 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 2 2. What is the total dollar amount for each of the four cash dividends? July 5 Oct. 5 Cash dividend amounts Required information Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 The folowing 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-$6 par value, 100,000 shares authorized, 30,000. shares issued and $180,000 outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 340,000 $660,000 Stockholders' Equity (December 31, 2017) 1111 Common stock-$6 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 Retained earnings (60,000 restricted by treasury stock) $211,200 171,200 400,000 782,400 $722,400 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 10 Mar. 20 Purchased treasury tock 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 3 3. What is the amount of the capitalization of retained earnings for the stock dividend? nt Required informatiorn Problem 11-4A Analysis of changes in stockholders' equlty 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-$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding Paid-in captal in excess of par common stock Retained earnings $180,000 value, 140,000 Total stockholders' equity $660,000 Stockholders' Equity (December 31, 2017) Common stock-$6 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 Retained earnings ($60,000 restricted by treasury stock) $211,200 171,200 400,000 782,400 (60,000) Less cost of treasury stock Total stockholders' equity $722,400 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 tock dividend that was declared on July 31. Oct. 5 Declared a s0.50 per share cash dividend, date of record October 10. Problem 11-4A Part 4 4. What is the per share cost of the treasury stock purchased? 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 yeer-end balance sheets follow Stockho1ders Equity (December 31, 2016) common tock-$6 par value, 100,000 shares authorized, 30, 000 shares issued and outstanding $180,000 Paid-in capital in excess of par value, 140,000 common stock Retained earnings Total stockholders' equity 340,000 $660,000 Stockholders Equity (December 31, 2017) Common stock-$6 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 Retained earnings ($60,000 restricted by treasury stock) $211,200 171,200 400,000 782,400 $722,400 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 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record Apri1 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 si2 per share. Aug. 14 Issued the stock dividend that vas declared on July 31. Oct. 5 Declared a $0.50 per share cash dividend, date of record October 10. Problem 11-4A Part 5 s. How much net income did the company earn during year 2017