Question: The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Common stock-$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding





The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Common stock-$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 180,000 140,000 340,000 $ 660,000 Stockholders' Equity (December 31, 2017) Common stock-$6 par value, 100,000 shares authorized, 35,000 shares issued, 5,008 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,800 restricted by treasury stock) $ 210,000 180,000 440,000 830,000 (50,800) $ 780,000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Jan. 5Declare Mar. 20 Purchased treasury stock for cash. d a se.60 per share cash dividend, date of record January 10. s Declared a s0.60 per share cash dividend, date of record April 10. uly 5Declared a se.6e per shre cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $14 per share. Aug. 141ssued the stock dividend that was declared on July 31. oct. 5Declared a $0.60 per share cash divdend, date of record October 10. Required: 1. How many common shares are outstanding on each cash dividend date? Jan,5Apr 5 uly5Oct.5 Outstanding common shares 2. What is the total dollar amount for each of the four cash dividends? Oct. 5 Cash dividend amounts 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? Cost per share 5. How much net income did the company earn during year 2017? Net income
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