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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)

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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) and end of the year Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $140,000 100,000 360,000 Total stockholders' equity $600,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 41,200 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) $164,800 149,600 420,000 734,400 (40,000) Less cost of treasury stock $694,400 Total stockholders' equity The following transactions and events affected its equity during the year 5 Declared a $0.40 per share cash dividend, date of record January 10. Jan. 5 Declared a $0.40 per share cash dividend, date of record April 10. 5 Declared a $0.40 per share cash dividend, date of record July 10. Mar. 20 Purchased treasury stock for cash. Apr. July July 31 Declared a 208 stock dividend when the stock's market value was $12 per shar Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.40 per share cash dividend, date of record October 10. 5. How much net income did the company earn this year? Net income

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