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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 (December 31) follow. 'Stockholdera' Equity (January I) Common stook $4 par value, 100,000 shares authorized, 35,000 shares issued and 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 Parchased treasury stock for cash. April 5 Declared a 50.50 per share cash dividend, date of record Apri1 10. July 5 Deolared a $0.50 per share cash dividend, date of record July 10 . July 31 Declared a 20s stock dividend when the stock's market value was $14 per share. August 14 Issued the stook dividend that was declared on July 31. october 5 Declared a 50,50 per ahare cash dividend, date of record october 10. Required: 1. How many common shares are outstanding on each cash dividend date? What is the total dollar amount for each of the four cash dividends? 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? 4. What is the per share cost of the treasury stock purchased? Note: Round your answer to 2 decimal places. 5. How much net income did the company earn this year

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