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

Stockholders Equity (December 31, 2015)
Common stock$6 par value, 50,000 shares authorized, 40,000 shares issued and outstanding	$	240,000
Paid-in capital in excess of par value, common stock		200,000
Retained earnings		340,000
Total stockholders equity	$	780,000

Stockholders Equity (December 31, 2016)
Common stock$6 par value, 50,000 shares authorized, 47,200 shares issued, 4,000 shares in treasury	$	283,200
Paid-in capital in excess of par value, common stock		257,600
Retained earnings ($30,000 restricted by treasury stock)		420,000
		960,800
Less cost of treasury stock		(30,000	)
Total stockholders equity	$	930,800

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

Jan.	5	Declared a $0.50 per share cash dividend, date of record January 10.
Mar.	20	Purchased treasury stock for cash.
Apr.	5	Declared a $0.50 per share cash dividend, date of record April 10.
July	5	Declared a $0.50 per share cash dividend, date of record July 10.
July	31	Declared a 20% stock dividend when the stocks market value is $14 per share.
Aug.	14	Issued the stock dividend that was declared on July 31.
Oct.	5	Declared a $0.50 per share cash dividend, date of record October 10.

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

	Jan. 5	Apr. 5	July 5	Oct. 5
Outstanding common shares	40,000

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

Capitalization amount

4.

What is the per share cost of the treasury stock purchased?

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