work: Corporate Reporting and Analysis Problems Assignment i 5 of 5 eBook Print References Required information [The following information applies to the questions displayed below] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 March 20 April 5 July 5 July 31 August 14 October 5 Declared a $0.50 per share cash dividend, date of record January 10. Purchased treasury stock for cash. Declared a $0.50 per share cash dividend, date of record April 10. Declared a $0.50 per share cash dividend, date of record July 10. Declared a 20% stock dividend when the stock's market value was $14 per share. Issued the stock dividend that was declared on July 31. Declared a $0.50 per share cash dividend, date of record October 10. 5. How much net income did the company earn this year? Net income Saved $ 160,000 120,000 320,000 $ 600,000 $ 188,800 192,000 420,000 800, 800 (50,000) $ 750,800

Fork: Corporate Reporting and Analysis Problems Assignment (i) 1 Required information [The following information applies to the questions chsplayed below] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December a1) follow The following transactions and events affected its equity during the year Jamuary s Dectared a so.50 per share caul divilend, date of record zanuary les Mech oo. Wurchased treasiry stack for rash. Aukust. 14 tssued the stosk ofvidend that was deilared on July 31 . 5. How much net income did the company earn tha year