The equity sections from Atticus Groups 2016 and 2017 year-end balance sheets follow.

Stockholders Equity (December 31, 2016)

Common stock$4 par value, 100,000 shares

Authorized, 40,000 shares issued and outstanding . . . . . . . . . . . . . . . . . . . . . $160,000

Paid-in capital in excess of par value, common stock . . . . . . . . . . . . . . . . . . . ...120,000

Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320,000

Total stockholders equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $600,000

Stockholders Equity (December 31, 2017)

Common stock$4 par value, 100,000 shares

authorized, 47,400 shares issued, 3,000 shares in treasury . . . . . . . . . . . . . . $189,600

Paid-in capital in excess of par value, common stock . . . . . . . . . . . . . . . . . . 179,200

Retained earnings ($30,000 restricted by treasury stock) . . . . . . . . . . . . . . . . . 400,000 768,800

Less cost of treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (30,000)

Total stockholders equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . $738,800

Required

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

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

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

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

5. How much net income did the company earn during year 2017?