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Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3

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[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$5 par value, 100,000 shares authorized, 30,000 shares issued and outstanding	$ 150,000
Paid-in capital in excess of par value, common stock	110,000
Retained earnings	360,000
Total stockholders equity	$ 620,000

Stockholders Equity (December 31)
Common stock$5 par value, 100,000 shares authorized, 35,000 shares issued, 5,000 shares in treasury	$ 175,000
Paid-in capital in excess of par value, common stock	135,000
Retained earnings ($40,000 restricted by treasury stock)	420,000
	730,000
Less cost of treasury stock	(40,000)
Total stockholders equity	$ 690,000

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 $10 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.

Problem 11-4A (Algo) Part 1

Required: 1. How many common shares are outstanding on each cash dividend date?

Problem 11-4A (Algo) Part 2

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

Problem 11-4A (Algo) Part 3

3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?

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