Question: Required information Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below! The
Required information Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below! The equity sections for Atticus Group at the beginning of the year Lanuary and end of the year (December 3 follow Common stock-63 par valse, 100,000 shares authorised, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Total stockholders' equity Common stock-55 par value, 100,000 atares authorized, 41,200 where 4,000 Paid-in capital in excess of per valve, common stock Retained earnings (560,000 restricted by treasury stock) Les cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year January March 20 April July Declared a $0.50 per share cash dividend, date of recor Purchased treasury stock for cash. Declared a 50.50 per share cash dividend, dated April 10. Declared a $0.50 per share cash dividend, date of red July 10. July 31 Declared a 20% stock dividend when the stock's market value was 24 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record br Problem 11-4A (Algo) Part 1 Required: 1. How many common shares are outstanding on each cash dividend date? Outstanding common shares January 5 April 5 July 5 October 5 Problem 11-4A (Algo) Part 2 2. What is the total dollar amount for each of the four cash dividends? Cash dividend amounts January Problem 11-4A (Algo) Part 3 October S 3. What is the amount of retained earnings transferred to paid in capital accounts (capitalized for the stock dividend? C Problem 11-4A (Algo) Part 4 4. What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.) Problem 11-4A (Algo) Part 5 5. How much net income did the company earn this year? Net income
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