a. How many common shares are outstanding on each cash dividend date?

b. What is the total dollar amount for each of the four cash dividends?

c. What is the amount of the capitalization of retained earnings for the stock dividend?

d. What is the per-share cost of the treasury stock purchased?

e. How much net income did the company earn during the year 2016?

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The equity sections from Atticus Group's 2015 and 2016 year-end balance sheets follow. Stockholders' Equity (December 31, 2015) Common stock-$5 par value, 50,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 150,000 110,000 340,000 Total stockholders' equity $ 600,000 Stockholders' Equity (December 31, 2016) Common stock-$5 par value, 50,000 shares authorized, 35,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) $ 176,000 146,400 420,000 742,400 (50,000) $ 692,400 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2016. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 1O. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.50 per share cash dividend, date of record October 10. The equity sections from Atticus Group's 2015 and 2016 year-end balance sheets follow. Stockholders' Equity (December 31, 2015) Common stock-$5 par value, 50,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 150,000 110,000 340,000 Total stockholders' equity $ 600,000 Stockholders' Equity (December 31, 2016) Common stock-$5 par value, 50,000 shares authorized, 35,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) $ 176,000 146,400 420,000 742,400 (50,000) $ 692,400 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2016. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10. July 5 Declared a $0.50 per share cash dividend, date of record July 1O. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.50 per share cash dividend, date of record October 10.

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