The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow Stockholders' Equity (December 31, 2016) Common stock-$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 180,000 140,000 320,000 $640,000 Total stockholders' equity Stockholders' Equity (December 31, 2017) Common stock-$6 par value, 100,000 shares authorized, 35,000 shares issued, 5,000 shares in treasury $ 210,000 160,000 400,000 770,000 Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) (50,000) Less cost of treasury stock Total stockholders' equity $ 720,000 The following transactions and events affected its equity during year 2017. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10 Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10 July 5 Declared a $0.50 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $10 per share Aug. 14 Issued the stock dividend that was declared on July 31 Oct. 5 Declared a $0.50 per share cash dividend, date of record October 10 1. How many common shares are outstanding on each cash dividend date? Jan. 5 Apr. 5 July 5 Oct. 5 Outstanding common shares 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 3. What is the amount of the capitalization of retained earnings for the stock dividend? Capitalization amount 4. What is the per share cost of the treasury stock purchased? Cost per share 5. How much net income did the company earn during year 2017? Net income