The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow, Sos Stockholders' Equity January 1) Common Stock-$5 par value, 180,000 shares authorized. 40.000 shares issued and outstanding Pald-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $200,000 160,800 320,000 5680,000 StockholdersEquity (December 31) Common stock-55 par vatue, 160,000 shares authorized, 47,200 shares issued, 4,000 shares in treasury Pald-in capital in excess of par value, common stock Betained earnings (550,000 restricted by treasury stock) LESE cost of treasury stock Total stockholders equity $236,000 210,400 420.000 866,400 (50,000) 5816.400 The following transactions and events affected its equity during the year. on 5 Declared 10.58 per Share cash dividend, date of record January 10. Mar. 2 harchased troury stock for cash. ATS Declared 10.58 per share cash dividend, date of record April 10. y Declared 10.5 per share cash dividend, date of record July 10. July 3 Oscar 20 stock dividend when the stock's market value was 512 per share. 14 Is the stock dividend that was declared on July 31. 5 Declared 10.50 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. Not income $ 224,800 x 5. How much net income did the company earn this year? Answer is complete but not entirely correct. Net income $ 224,800 X