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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 86 par value, 189, BBB shares authorized, 30,000 shares issued and outstanding Pald.in capital in excess of par value, common stock Retained earnings Total stockholders equity $189, BBC 148, BBC sheee Stockholders' Equity (December 31) Common stock 86 par value, 188,88 shares authorized, 35,000 shares issued, 5,000 shares in treasury Paid.in capital in excess of par value, on stock Retained earnings (348, Bee restricted by treasury stock) 218, 880 179,880 Less cost of treasury stock Total stockholders' equity $769.ge The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.40 per share cash dividend, date of record January 18 Mar. 20 Purchased treasury stock for cash Apr. 5 Declared a $.40 per share cash dividend, date of record April 19. July 5 Declared a $0.40 per share cash dividend, date of record July 19. July 31 Declared a 200 stock dividend when the stock's market value was 512 per share Aug. 14 Issued the stock dividend that was declared on July 31. OCE. S Declared a 10.40 per share cash dividend, date of record October 19 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! Apr. 5 5 Oct. 5 Cash didend amounts 3. What is the amount of retained earnings transferred to paid.in capital accounts capitalized) for the stock dividend? Capitalization amount 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) Cost per share 5. How much net income did the company earn this year? Net income
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