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 $ 160,000 120,000 320,000 $ 600,000 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) $189,600 179,200 400,000 768,800 (30,000) $738,800 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.50 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, payable on April 10. July 5 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. Aug. 14 Issued the stock dividend that was declared on July 31. 5 Declared a $0.50 per share cash dividend, date of record October 10. Oct. Declared a $0.50 per share cash dividend, payable on January 10. Record payment of the 01/05 dividend. 3 Purchased treasury stock for cash. Hint: Use information from the December 31 Stockholders' equity statement. Entry to restrict retained earnings is not required. Declared a $0.50 per share cash dividend, payable on April 10. Record payment of the 04/05 dividend. 6 Declared a $0.50 per share cash dividend, payable on July 10. 6 Declared a $0.50 per share cash dividend, payable on July 10. Record payment of the 07/05 dividend. 8 Declared a 20% stock dividend when the stock's market value is $12 per share. 9 Issued the stock dividend that was declared on July 31. 10 Declared a $0.50 per share cash dividend, date of record October 10. 11 Record payment of the 10/10 dividend. 12 Close income summary to retained earnings. Dates: Jan 01 to: Dec 31 July 05 October 05 Calculation of Cash Dividends January 05 April 05 How many common shares are outstanding? Dividend per share Total cash dividend Dates: Jan 01 to: Dec 31 Capitalization of retained earnings due to stock dividend: Number of shares outstanding on July 30 Percentage of stock dividend Number of shares to be issued Amount to be capitalized per share Total amount to be capitalized