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, 35,000 shares issued and outstanding 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, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, ommon stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock $ 175,000 135,000 360,000 $670,000 $ 206,000 166,000 420,000 792,000 (30,000) $ 762,000 Total stockholders' equity The following transactions and events affected its equity during the year. January 5 March 20 Declared a $0.40 per share cash dividend, date of record January 10. Purchased treasury stock for cash. April 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 $10 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.40 per share cash dividend, date of record October 10. 5. How much net income did the company earn this year? Answer is complete but not entirely correct. Net income S 306,320