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7 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow 5 Stockholders' Equity (January 1) Common stock-$6 par valve, 100,000 Whares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 210,000 170,000 360,000 5 740,000 Stockholders' Equity (December 31 Common stock-56 par valve, 100,000 shares authorixed, 41,400 shares inued, 3.000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings (560,000 restricted by treasury stock) $248, 400 221,200 420,000 889,600 160.000) $.829,600 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year January 5 Declared a $0.60 per share cash dividend, date of record January 10, March 20 Purchased treasury stock for cash April 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $0.60 per share cash dividend, date of record July 10. July 31 Declared a 200 stock dividend when the stock market value was $14 per share. August 14 Issued the stock dividend that way declared on July 31. October 5 Declared a $0.60 per share cash dividend, date of record October 10. 5. How much net income did the company earn this year? Net income HE