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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-54 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 160,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 320,000 Total stockholders' equity $ 600,000 $ 189,600 179,200 400,000 768,800 (30,000 5 738,800 Stockholders' Equity (December 31) Connon stock-54 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Poid-in capital in excess of par value, common stock Retained earnings ($30,000 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 50.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a 50.50 per share cash dividend, date of record April 10. Julys Declared a 50.50 per share cash dividend, date of record July 10. July 31 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 50.50 per share cash dividend, date of record October 10. 4. What is the per share cost of the treasury stock purchased? Cost per share 5. How much net income did the company earn this year? Net income
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