The equity sections from Hovo Corporation's 2016 and 2017 balance sheets follow. Stockholders' Equity (December 31, 2016) Common stock-$20 par value, 30,000 shares authorized, 17,000 shares issued and outstanding.... $340,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 270,000 $670,000 Total stockholders' equity to noita Chapter 13 Accounting for Corporations Stockholders' Equity (December 31, 2017) Common stock-$20 par value, 30,000 shares authorized, 19,000 shares issued, 1,000 shares in treasury $380,000 Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock). 104,000 295,200 779,200 Less cost of treasury stock. (40,000) Total stockholders' equity $739,200 The following transactions and events affected its equity during year 2017. Declared a $0.40 per share cash dividend, date of record five days later. Purchased treasury stock for cash. Declared a $0.40 per share cash dividend, date of record five days later. Declared a $0.40 per share cash dividend, date of record five days later. Declared a 12.5% stock dividend when the stock's market value is $42 per share. Issued the stock dividend that was declared on October 4 Declared a $0.40 per share cash dividend, date of record five days later. Feb. 15 Mar. 2 May 15 Aug. 15 Oct. 4 Oct. 20 Nov. 15 Required on each cash dividend date? outstanding 1. How many common shares are 2. What is the total dollar amount for each of the four cash dividends? 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? 5. How much net income did the company earn during year 2017