A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&laur ) C ch + S M Question 17 - Chapter 11 Homework Assignment - Connect Chapter 11 Homework Assignment i Saved Help Save & Exit Submit Check my work 17 Required information Part 5 of 5 [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. 0.92 points Stockholders' Equity (January 1) Common stock-$5 par value, 100,000 shares authorized, 35, 000 shares issued and outstanding $ 175, 000 01:41:03 Paid-in capital in excess of par value, common stock 135, 000 Retained earnings 360 , 000 Total stockholders' equity $ 670, 000 Stockholders' Equity (December 31) eBook Common stock-$5 par value, 100,000 shares authorized, 41, 200 shares issued, 4, 000 shares in treasury $ 206, 000 Paid-in capital in excess of par value, common stock 178, 400 420, 000 Print Retained earnings ($30,000 restricted by treasury stock) 804, 400 Less cost of treasury stock (30, 000) Total stockholders' equity $ 774, 400 References The following transactions and events affected its equity during the year. January 5 Declared a $0.40 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. April 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 stock's market value was $12 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.40 per share cash dividend, date of record October 10. 5. How much net income did the company earn this year? Net income Mc Grav