The equity section of Atticus Groups 2017 year-end balance sheet had 200,000 shares of $4 par value common stock authorized. Of this amount, 40,000 shares were issued and outstanding in one offering in which the stock was sold at $7 per share. Retained earnings had a balance of $320,000. The following transactions and events occurred in 2018.

Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10, to be paid February 10.

Mar. 20 Purchased 3,000 shares of treasury stock for $10 per share.

Apr. 5 Declared a 20% stock dividend when the stocks market value was $12 per share. The dividend is to be distributed on April 30 to stockholders of record on April 10.

Jul. 5 Declared a $0.25 per share cash dividend, date of record July 10, to be paid August 10.

Aug. 14 Issued 4,000 shares at $15 per share.

Oct. 5 Declared and distributed a 2-for-1 stock split.

Dec. 31 Atticus recorded net income of $248,000 in 2018.

Prepare the journal entry on December 31 to close Income Summary (net income) to Retained Earnings.

Prepare the journal entry on December 31 to close all dividends.

Construct the equity section of Atticus Groups December 31, 2018 balance sheet.

What is total paid-in capital one year later on December 31, 2018?

What is total earned capital one year later on December 31, 2018?

How many shares of common stock are issued at December 31, 2018?

How many shares of common stock are outstanding at December 31, 2018?