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The equity sections from Atticus Group's 2016 and 2017 yearend balance sheets follow Stockholders' Equity (December 31, 2016) ommon stock- $5 par value, 100,000 shares
The equity sections from Atticus Group's 2016 and 2017 yearend balance sheets follow Stockholders' Equity (December 31, 2016) ommon stock- $5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity Stockholders Equity (December 31, 2017) Common stock $5 par value, 100,000 shares 175,000 135,000 340,000 650,000 authorized, 41,400 shares issued, 3,000 shares in treasur Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury 179 20 cost of treasury stock 756 Total stockholders'equity e following transactions and events affected its equity during vear 2017 an. Declared a S0.60 per share cash dividend, date of record January 10. ar 20 Purchased treasury stock for cash 5eclared a $0.60 per share cash dividend, date of record April 10 ulyDeclared a $0.60 per share cash dividend, date of record July 10 uly 31 Declared a 20% stock d vidend when the stock's market value was $12 per share; ug 14 lssued the stock dividend that was declared on July 31 3Declared a S0.60 per share cash dividend, date of record October 10 Required 1. How many common shares are outstanding on each cash dividend date? Outstanding common shares 2. What is the total dollar amount for each of the four cash dividends? Apr Cash dividend amounts 3. What is the amount of the capitalization of retained earnings for the stock dividend? 4. What is the per share cost of the treasury stock purchased? per share 5. How much net income did the company earn during year 2017
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