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[The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end
[The following information applies to the questions displayed below.] 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$4 par value, 100,000 shares authorized, 30,000 shares issued and outstanding | $ | 120,000 | |
Paid-in capital in excess of par value, common stock | 80,000 | ||
Retained earnings | 320,000 | ||
Total stockholders equity | $ | 520,000 | |
Stockholders Equity (December 31) | ||||
Common stock$4 par value, 100,000 shares authorized, 35,400 shares issued, 3,000 shares in treasury | $ | 141,600 | ||
Paid-in capital in excess of par value, common stock | 112,400 | |||
Retained earnings ($30,000 restricted by treasury stock) | 420,000 | |||
674,000 | ||||
Less cost of treasury stock | (30,000 | ) | ||
Total stockholders equity | $ | 644,000 | ||
The following transactions and events affected its equity during the year.
Jan. | 5 | Declared a $0.40 per share cash dividend, date of record January 10. | ||
Mar. | 20 | Purchased treasury stock for cash. | ||
Apr. | 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 $10 per share. | ||
Aug. | 14 | Issued the stock dividend that was declared on July 31. | ||
Oct. | 5 | Declared a $0.40 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
April 5
July 5
October 5
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