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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
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 2017 and 2018 year-end balance sheets follow. Stockholders' Equity (December 31, 2017) Common stock-$5 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 $ 150,000 110,000 340,000 $ 600,000 Stockholders' Equity (December 31, 2018) Common stock-$5 par value, 100,000 shares authorized, 35,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) $175,000 155,000 420,000 750,000 (40,000) $710,000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2018. 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 $14 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. Required: 1. How many common shares are outstanding on each cash dividend date? Jan.5 Apr. 5 July 5 Oct. 5 Outstanding common shares 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 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? (Round your answer to the nearest whole dollar amount.) Cost per share 5. How much net income did the company earn during year 2018? Net income
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