Question: The equity sections from Atticus Group's 2017 and 2018 year-end balance sheets follow Stockholders' Equity (December 31, 2017) Common stock-$6 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-$6 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 $ 210,000 170,000 340,000 $ 720,000 Stockholders' Equity (December 31, 2018) Common stock-$6 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury$248,400 221,200 420,000 889,600 30,000 $859,600 Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2018 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 stock's market value was $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 Required: 1. How many common shares are outstanding on each cash dividend date? Jan. 5 Apr. 5 July 5 Oct. 5 Outstanding common shares 210,000 180,000 180,000 540,000 2. What is the total dollar amount for each of the four cash dividends? Jan. 5 Apr. 5 July 5 Oct. 5 Cash dividend amounts105,000 90,000$90,000 $ 270,000 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? (Round your answer to the nearest whole dollar amount.) Cost per share 5. How much net income did the company earn during year 2018? Net income
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