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, 40,000 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-$4 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 ($30,000/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 Declared a $0.50 per share cash dividend, payable on January 10. $ 160,000 120,000 320,000 $ 600,000 March 20 April 5 July 5 Purchased treasury stock for cash. Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record October 10. $ 189,600 179,200 400,000 768,800 (30,000) $ 738,800 1 2 3 4 5 6 7 8 12 > Declared a $0.50 per share cash dividend, payable on January 10. Note: Enter debits before credits. Date January 05 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record payment of the 01/05 dividend. Note: Enter debits before credits. Date January 10 Account Title Debit Credit + Record entry Clear entry View general journal Journal entry worksheet Purchased treasury stock for cash. Hint: Use information from the December 31 Stockholders' equity statement. Entry to restrict retained earnings is not required. Note: Enter debits before credits. Date March 20 Account Title Debit Credit Record entry Clear entry + View general journal Journal entry worksheet Declared a $0.50 per share cash dividend, payable on July 10. Note: Enter debits before credits. Date July 05 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record payment of the 07/05 dividend. Note: Enter debits before credits. Date July 10 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet Issued the stock dividend that was declared on July 31. Note: Enter debits before credits. Date August 14 Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet Account Title Debit Credit Record entry Clear entry View general journal Journal entry worksheet