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-55 par value, 100,8ee shares authorized, 38, eee shares issued and outstanding $150,000 Paid-in capital in excess of par value, common stock 118,800 Retained earnings 348, 880 Total stockholders' equity 5688,888 Stockholders' Equity (December 31) Common stock-55 par value, 188,800 shares authorized, 35,200 shares issued, 4,800 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings (540,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $176, Bee 156,800 420.00 752,00 (48,800) $712,800 The following transactions and events affected its equity during the year. Jan. 5 Declared a 50.50 per share cash dividend, date of record Janua 18. Mar. 28 Purchased treasury stock for cash. Apr. 5 Declared a se.se per share cash dividend, date of record April 18. 5 Declared a Se.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 sense per share cash dividend, date of record October 19. 5. How much net income did the company earn this year