The equity sections from Atticus Groups 2015 and 2016 year-end balance sheets follow.

Stockholders Equity (December 31, 2015)
Common stock$5 par value, 50,000 shares authorized, 35,000 shares issued and outstanding	$	175,000
Paid-in capital in excess of par value, common stock		135,000
Retained earnings		340,000
Total stockholders equity	$	650,000

Stockholders Equity (December 31, 2016)
Common stock$5 par value, 50,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury	$	206,000
Paid-in capital in excess of par value, common stock		178,400
Retained earnings ($50,000 restricted by treasury stock)		440,000
		824,400
Less cost of treasury stock		(50,000	)
Total stockholders equity	$	774,400

The following transactions and events affected its equity during year 2016.

Jan.	5	Declared a $0.40 per share cash dividend, date of record January 10.
Mar.	20	Purchased treasury stock for cash.
Apr.	5	Declared a $0.40 per share cash dividend, date of record April 10.
July	5	Declared a $0.40 per share cash dividend, date of record July 10.
July	31	Declared a 20% stock dividend when the stocks market value is $12 per share.
Aug.	14	Issued the stock dividend that was declared on July 31.
Oct.	5	Declared a $0.40 per share cash dividend, date of record October 10.

6. value:

1.25 points Required information

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

References eBook & Resources WorksheetLearning Objective: 11-C3 Explain the items reported in retained earnings.Learning Objective: 11-P3 Record purchases and sales of treasury stock and the retirement of stock.Difficulty: 3 HardLearning Objective: 11-P2 Record transactions involving cash dividends, stock dividends, and stock splits.Check my work

7. value:

1.25 points Required information

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

References eBook & Resources WorksheetLearning Objective: 11-C3 Explain the items reported in retained earnings.Learning Objective: 11-P3 Record purchases and sales of treasury stock and the retirement of stock.Difficulty: 3 HardLearning Objective: 11-P2 Record transactions involving cash dividends, stock dividends, and stock splits.Check my work

8. value:

1.25 points Required information

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

References eBook & Resources WorksheetLearning Objective: 11-C3 Explain the items reported in retained earnings.Learning Objective: 11-P3 Record purchases and sales of treasury stock and the retirement of stock.Difficulty: 3 HardLearning Objective: 11-P2 Record transactions involving cash dividends, stock dividends, and stock splits.Check my work

9. value:

1.25 points Required information

4.	What is the per share cost of the treasury stock purchased?(Round your answer to 2 decimal places.)

References eBook & Resources WorksheetLearning Objective: 11-C3 Explain the items reported in retained earnings.Learning Objective: 11-P3 Record purchases and sales of treasury stock and the retirement of stock.Difficulty: 3 HardLearning Objective: 11-P2 Record transactions involving cash dividends, stock dividends, and stock splits.Check my work

10. value:

1.25 points Required information

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