Problem 11-4B Analyzing changes in stockholder's equity accounts

cut off numbers on the first part are 340,000 60,000 270000 & 670,000

Problem 11-4B Analyzing dhanges in stodkholders' equity accounts C3 P2 P3 The equitysections for Hovo Corp. at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (December 31) Common stock-\$20 par value, 30,000 shares authorized, 19,000 shares issued, 1,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ( $40,000 restricted by temsury stock) Less cost of tresury stock Tctal stockholders' equity The following transactions and events affected its equity during the year. Page 454 Feb. 15 Declared a $0.40 per share cash dividend, date of record five days later. Mar. 2 Purchased treasury stock for cash May 15 Declared a $0.40 per share cash dividend, date of record five days later. Algg 15 Declared a \$o.4o pershare cash dividend, date of record five days later. Oct. 4 Declared a 12596stockdividend when the stock's market value was $42 per share. Oct 20 Issued the stock dividend that was declared on October 4. Nov. 15 Declared a \$o.40 pershare cash dividend, dateof record five days later. 1. How many common shares are outstanding on each cash dividend date? 2. What is the total dollar amount for each of the four cash dividends? 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) 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 this year