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Problem $11-4$A $($Algo$)$ Analyzing changes in stockholders' equity accounts LO C$3,$ P$2,$ P$3$

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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$$$$4$ par value, $100,000$ shares authorized, $40,000$ shares issued and outstanding $ $160,000$

Paid$-$in capital in excess of par value, common stock $120,000$

Retained earnings $340,000$

Total stockholders$$ equity $ $620,000$

Stockholders$$ Equity $($December $31)$

Common stock$$$$4$ par value, $100,000$ shares authorized, $47,200$ shares issued, $4,000$ shares in treasury $ $188,800$

Paid$-$in capital in excess of par value, common stock $192,000$

Retained earnings $($$$40,000$ restricted by treasury stock$)440,000$

$820,800$

Less cost of treasury stock $(40,000)$

Total stockholders$$ equity $ $780,800$

The following transactions and events affected its equity during the year.

January $5$ Declared a $$0\mathrm{.}60$ per share cash dividend, date of record January $10.$

March $20$ Purchased treasury stock for cash.

April $5$ Declared a $$0\mathrm{.}60$ per share cash dividend, date of record April $10.$

July $5$ Declared a $$0\mathrm{.}60$ per share cash dividend, date of record July $10.$

July $31$ Declared a $20\%$ stock dividend when the stock$$s market value was $$14$ per share.

August $14$ Issued the stock dividend that was declared on July $31.$

October $5$ Declared a $$0\mathrm{.}60$ per share cash dividend, date of record October $10.$

Problem $11-4$A $($Algo$)$ Part $3$

$3.$ 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?