Required information Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (Decenber 31, 2016) Common stock-$5 par value, 100,000 shares 175,000 135,000 340,000 650,000 authorized, 35, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Total stockholders equity Stockholders Equity (Decenber 31, 2017) Common stock-$5 par value, 100,000 shares $206,000 190,800 20,000 816,800 40,000 $776,800 authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Jan. Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash Apr. 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 208 stock dividend when the stock's market value was $14 per share Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10 Required: 1. How many common shares are outstanding on each cash dividend date? Oct. 5 Outstanding common shares 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Apr. 5 July 5 Oct. 5 Cash dividend amounts What is the amount of the capitalization of retained earnings for the stock dividend? tion amount 4. What is the per share cost of the treasury stock purchased per share 5. How much net income did the company earn during year 2017? Required information Problem 11-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 [The following information applies to the questions displayed below The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (Decenber 31, 2016) Common stock-$5 par value, 100,000 shares 175,000 135,000 340,000 650,000 authorized, 35, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Total stockholders equity Stockholders Equity (Decenber 31, 2017) Common stock-$5 par value, 100,000 shares $206,000 190,800 20,000 816,800 40,000 $776,800 authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Jan. Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash Apr. 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 208 stock dividend when the stock's market value was $14 per share Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10 Required: 1. How many common shares are outstanding on each cash dividend date? Oct. 5 Outstanding common shares 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Apr. 5 July 5 Oct. 5 Cash dividend amounts What is the amount of the capitalization of retained earnings for the stock dividend? tion amount 4. What is the per share cost of the treasury stock purchased per share 5. How much net income did the company earn during year 2017