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' Tiquity (January 1) Comon stock-$5 par value, 200,000 shares authorized, 30,000 sharen issued and outstanding $ 150,000 Paid-in capital in excess of par value, common stock 110,000 Retained earnings 340,000 Total stockholders equity $ 600,000 Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 35,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings (550,000 restricted by treasury stock) Loss cost of treasury stock Total stockholders' equity $ 176.000 156,800 420,000 752,800 (50.000) $ 702,800 The following transactions and events affected its equity during the year. January 5 Declared a $9.50 per share cash dividond, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 208 stock dividend when the stock's market value was $14 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share canh dividend, date of record October 10. 3. What is the amount of retained earnings transferred to pald.in capital accounts (capitalized) for the stock dividend? Capitalization amount Stockholders' Equity (January 1) Common stock-$5 par value, 100,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 150,000 110,000 340,000 $ 600,000 $ 176,000 156,800 420,000 752,800 (50.000) $ 702,800 Stockholders' Equity December 31) Common stock-$5 par value, 100,000 shares authorized, 35,200 sharan issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) Lese cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $0.50 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 204 stock dividend when the stock market value was 614 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividond, date of record October 10. 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) Cost per share
