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-$5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $200,000

Paid-in capital in excess of par value, common stock 160,000

Retained earnings 340,000

Total stockholders' equity $ 700, 000

Stockholders' Equity (December 31)

Common stock-$5 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury $237,000

Paid-in capital in excess of par value, common stock 211,800

Retained earnings ($50,000 restricted by treasury stock) 420,000

Less cost of treasury stock 868,000

(50,000)

Total stockholders' equity $818,800

The following transactions and events affected its equity during the year.

January 5 Declared a $0.60 per share cash dividend, date of record January 10.

March 20 Purchased treasury stock for cash.

April 5 Declared a $0.60 per share cash dividend, date of record April 10.

July 5 Declared a $0.60 per share cash dividend, date of record July 10.

July 31 Declared a 20% stock dividend when the stocks's market value was $12 per share.

August 14 Issued the stock dividend that was declared on July 31.

October 5 Declared a $0.60 per share cash dividend, date of record October 10.

1. How many common shares are outstanding on each cash dividend date?

2. 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 the 2 decimal places.

5. How much net income did the company earn this year?

LOOK AT THE PICTURES PLEASE!!!

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-$5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 200,000 160,000 340,000 Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 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 March 20 April 5 July 5 July 31 August 14 October 5 Declared a $0.60 per share cash dividend, date of record January 10. Purchased treasury stock for cash. $ 700,000 Declared a $0.60 per share cash dividend, date of record April 10. Declared a $0.60 per share cash dividend, date of record July 10. Declared a 20% stock dividend when the stock's market value was $12 per share. Issued the stock dividend that was declared on July 31. Declared a $0.60 per share cash dividend, date of record October 10. $ 237,000 211,800 420,000 868,800 (50,000) $ 818,800