Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 Skip to question [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$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 240,000 Paid-in capital in excess of par value, common stock 200,000 Retained earnings 340,000 Total stockholders equity $ 780,000 Stockholders Equity (December 31) Common stock$6 par value, 100,000 shares authorized, 47,200 shares issued, 4,000 shares in treasury $ 283,200 Paid-in capital in excess of par value, common stock 257,600 Retained earnings ($30,000 restricted by treasury stock) 400,000 940,800 Less cost of treasury stock (30,000) Total stockholders equity $ 910,800 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 20% stock dividend when the stocks market value was $14 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.60 per share cash dividend, date of record October 10.