Question
Required information [The following information applies to the questions displayed below.] The equity sections from Atticus Groups 2016 and 2017 year-end balance sheets follow. Stockholders
Required information [The following information applies to the questions displayed below.] The equity sections from Atticus Groups 2016 and 2017 year-end balance sheets follow. Stockholders Equity (December 31, 2016) Common stock$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding $ 175,000 Paid-in capital in excess of par value, common stock 135,000 Retained earnings 320,000 Total stockholders equity $ 630,000 Stockholders Equity (December 31, 2017) Common stock$5 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury $ 207,000 Paid-in capital in excess of par value, common stock 192,600 Retained earnings ($50,000 restricted by treasury stock) 440,000 839,600 Less cost of treasury stock (50,000 ) Total stockholders equity $ 789,600 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 stocks 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. 2. What is the total dollar amount for each of the four cash dividends?
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