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Required Information [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1)
Required Information [The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$4 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 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.40 per share cash dividend, date of record January 10. March 28 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a $0.40 per share cash dividend, date of record April 10. Declared a $0.40 per share cash dividend, date of record July 18. Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.40 per share cash dividend, date of record October 10. 2. What is the total dollar amount for each of the four cash dividends? Answer is not complete. January 5 Cash dividend amounts $ April 5 14.400 July 5 $14,400 October 5 $ 160,000 120,000 340,000 $620,000 $188,800 177,600 420,000 786,400 (40,800) $746,400
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