Question: The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow. Stockholders' Equity (December 31, 2017) Common stock-$5 par value, 100,000 shares authorized,
The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow. Stockholders' Equity (December 31, 2017) Common stock-$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity s 175,000 135,000 340,000 S 650,000e Stockholders' Equity (December 31, 2018) Common stock-$5 par value, 100,000 shares horized, 41, 000 shares issued, 5,e00 shares in treasury $205,e00 177,000 440,000 822,000 (30,900) $792,000 Paid-in capital in excess of par value, common stock Retained earnings (S30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2bis. 3an. 5 Declared a se.50 per share cash dividend, cate of record Danuary 1e. Mar. 28 Purchased treasury stock for cash. Apr. 5 Declared a so.50 per share cash dividend, date of recond April 10. July 5 Declared a s0.50 per share cash dividend, date of record Ju1y July 31 Declared a 20% stock dividend when the stock's market value was $12 er snare Aug. 14 Issued the stock dividend that was declared on July 32 Oct. 5 Declared se, se per share cash dividend, date of record cctober 10
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