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 $ 650,000 Stockholders' Equity (December 31, 2018) Common stock-$5 par value, 100,000 shares authorized, 41,008 shares issued, 5,008 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($3e,000 restricted by treasury stock) $205,e00 177,000 440,000 822,000 (30,000) $792,000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2018 Dan. 5 Declared a $0.50 per share cash dividend, date of record Danuary 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a s0.50 per share cash dividend, date of necord April 10. Duly 5 Declarea a July 31 Declared a 20% stock dividend when the stock's market value was $12 per snare. Aug, 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared S0.50 per share cash dividend, date of record October 16. S0.50 per share cash dividend, date of recond buly 10
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