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-$4 par value, 100, 000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $140,000 100,000 320,000 $560,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 41,000 shares issued, 5,000 shares in treasury Paid in capital in excess of par value, common stock Retained earnings (560,000 restricted by treasury stock) $164,00 160,000 420,000 744,000 (60,000) $684.000 Less cost of treasury stock Total stockholdersequity 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 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared - $0.40 per share cash dividend, date of record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $14 per share. Aug 14 Issued the stock dividend that was declared on July 31 Octs Declared $0.40 per share cash dividend date of record October 10. Required: 1. How many common shares are outstanding on each cash dividend date? Stockholders' Equity (December 31) Common stock-54 par value, 100.000 shares authorized, 41,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings (560,000 restricted by treasury stock) $164,000 Partos Less cost of treasury stock Total stockholders' couity 620,000 70,000 (00 $636, 166 The following transactions and events affected its equity during the year Jan. 5 Declared a $40 per share cash dividend, date of record January 10. Mar 20 Purchased treasury stock for cash. Apr. 5 Declared a 30.40 per share cash dividend, date of record April 10. July 5 Declared $0.40 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $14 pershan Aug 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.40 per share cash dividend, date of record October 10 Required: 1. How many common shares are outstanding on each cash dividend date? 1 Jan. 6 Apr. 5 July 5 Oct. 6 Outstanding common shares Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 41,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) "art 2 of 5 $164,000 160,000 420,000 744,000 (60,000) $684,000 Less cost of treasury stock Total stockholders' equity pints The following transactions and events affected its equity during the year. eBook Jan. 5 Declared a $0.40 per share cash dividend, date of record January 10. Mae 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.40 per share cash dividend, date of record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $14 per share. Aug 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.40 per share cash dividend, date of record October 10. 2. What is the total dollar amount for each of the four cash dividends? Jan. 6 Apr. 6 July 5 Oct. 5 Cash dividend amounts $560,000 art 4 of 5 Stockholdes Equity cher 31) Common stock-$4 par value, 100,000 shares authorired, 41,000 shares issued, 5.000 shares in treasury Paid in capital in excess of par value, como stock Retained earnings ($60,000 restricted by treasury stock) $164.000 160,000 420.000 704,000 60.000 $64.000 Les cost of treasury stoc Total stockholders' equity 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 10. Mar 20 Purchased treasury stock for cash Ape 5 Declared as 40 per share cash dividend, date of record April 10. July 5 Declared a $0.40 per share cash dividend, date of record July 10. July 31 Declared 20% stock dividend when the stock market value was $14 per share. Aug 14 Issued the stock dividend that was declared on July 31 Declaredo per Share cash dividend, 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 Total stockholders' equity 5560,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 41,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) $164,000 160,000 420,000 744, eee (60,000) $684,090 Less cost of treasury Stock Total stockholdersequity 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 10. Mar 20 Purchased treasury stock for cash Apr Declared a $0.40 per share cash dividend, date of record April 10. July 5 Declared $0,40 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock market value was $14 per share Aug. 14 Issued the stock dividend that was declared on July 31. Oct. Declared a sede per share cash dividend, date of record October 10. 5. How much net income did the company earn this year? Net income
