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-$6 par value, 100,eee shares authorized, 40, eee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $240, eee 2ee, eee 360, eee $800,000 Stockholders' Equity (December 31) Common stock-56 par value, lee, eee shares authorized, 47,200 shares issued. 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) $283,200 243,200 420,000 946, 480 (40,000) $986,480 Less cost of treasury stock Total stockholders equity The following transactions and events affected its equity during the year Jan. 5 Declared a 50.68 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a 50.60 per share cash dividend, date of record July 10. July 31 Declared a ze stock dividend when the stock's market value was 512 per share. Tahun .. -1 Total stockholders' equity $906,400 The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.6e per share cash dividend, date of record April 10. July 5 Declared a $0.60 per share cash dividend, date of record 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. Oct. 5 Declared a $8.60 per share cash dividend, date of record October 10. Required: 1. How many common shares are outstanding on each cash dividend date? Jan. 5 Apr. 5 July 5 Oct. 5 Outstanding common shares authorized, 47,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) $283,200 243,200 420,000 946,400 (40,000) $906,400 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $8.60 per share cash dividend, date of record 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. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10. 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Apr. 5 July 5 Oct. 5 Cash dividend amounts Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity 420,000 946,400 ( 4 , ) $986,400 The following transactions and events affected its equity during the year. Jan. 5 Declared a $2.6e per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $9.68 per share cash dividend, date of record April 1e. July 5 Declared a $0.60 per share cash dividend, date of record July 10. July 31 Declared a 2ex stock dividend when the stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.68 per share cash dividend, date of record October 18. 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Capitalization amount
