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The equity sections for Atticus Group at the beginning of the year ( January 1 ) and end of the year ( December 3 1

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, 47,000 shares issued, 5,000 shares in treasury $ 235,000
Paid-in capital in excess of par value, common stock 209,000
Retained earnings ($40,000 restricted by treasury stock)400,000
844,000
Less cost of treasury stock (40,000)
Total stockholders equity $ 804,000
The following transactions and events affected its equity during the year.
January 5 Declared a $0.40 per share cash dividend, date of record January 10.
March 20 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 stocks market value was $12 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.
3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?
5. How much net income did the company earn this year?

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