please answer these questions all for the same problem 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-$6 par value, 100,000 shares authorized, 40,000 shares issued andoutstandingPaid-in capital in excess of par value, common stockRetained earningsTotal stockholders' equityStockholders' Equity (December 31)Common stock-$6 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares intreasuryPaid-in capital in excess of par value, common stockRetained earnings ($60,000 restricted by treasury stock)Less cost of treasury stockTotal stockholders' equityThe following transactions and events affected Its equity during the year.January 5 Declared a $0.50 per share cash dividend, date of record January 10.March 29 Purchased treasury stock for cash.April 5July 5July 31August 14October 5$ 240,000200,000320,000$760,000Declared a $0.50 per share cash dividend, date of record April 18.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 $0.50 per share cash dividend, date of record October 18.$ 284,400259, 200420,000963,608(60,089)$ 903,600 October 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?Outstanding common sharesSamJanuary 5Cash dividend amountsApril 5August 14 Issued the stock dividend that was declared on July 31.October 5 Declared a $8.50 per share cash dividend, date of record October2. What is the total dollar amount for each of the four cash dividends?April 5July 5July 31August 14October 5January 5July 5April 5July 5lected its equity during the year.January 5 Declared a $0.50 per share cash dividend, date of record January 10.March 20 Purchased treasury stock for cash.October 5October 5Declared a $0.50 per share cash dividend, date of record April 18.Declared a $8.50 per share cash dividend, date of record July 19.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 10.3. What is the amount of retained earnings transferred to pald-in capital accounts (capitalized) for the stock dividend?Capitalization amountJanuary 5 Declared a $6.56 per share cash dividend, daMarch 20 Purchased treasury stock for cash.April 5July SJuly 31August 14October 5Declared a $9.50 per share cash dividend, datDeclared a $0.50 per share cash dividend, datDeclared a 20% stock dividend when the stockIssued the stock dividend that was declared oDeclared a $8.50 per share cash dividend, dat4. What is the per share cost of the treasury stock purchased?Note: Round your answer to 2 decimal places.Cost per sharemarch 20April 5July 5Purchased treasury stock for cash.Declared a $0.50 per share cash dividend,Declared a $0.50 per share cash dividend,July 31 Declared a 20% stock dividend when the stoAugust 14 Issued the stock dividend that was declareOctober 5 Declared a $0.50 per share cash dividend,5. How much net Income did the company earn this year?Net incomeISLARIMER

Stockholder's Equity includes the amount contributed by shareholders in the form of common stock, Paid-in Capital, and Preferred Stock. also includes Retained Earnings, which is the accumulated profit earned by the company and treasury stock.Atticus GroupJournal EntriesDateAccounts Title Debit Credit Jan 5Retained earnings $ 20,000Dividend Payable $ 20,000(To record cash dividend declared)(40,000 Shares X$0.50)Jan 10Dividend Payable $ 20,000Cash $ 20,000(To record Dividend Paid)Mar 20Treasury Stock $ 60,000Cash $ 60,000(To record treasury Stock purchased)Apr 5Retained earnings $ 18,500Dividend Payable $ 18,500(To record cash dividend declared)((40,000 - 3,000)X $0.50)Apr 10Dividend Payable $ 18,500Cash $ 18,500(To record Dividend Paid)Jul 5Retained earnings $ 18,500Dividend Payable $ 18,500(To record cash dividend declared)((40,000 - 3,000)X $0.50)Jul 10Dividend Payable $ 18,500Cash $ 18,500(To record Dividend Paid)Jul 31Stock Dividend $ 103,600Stock Dividend Distributable $ 44,400Paid-in capital in excess of par value, common stock $ 59,200(To record stock dividend declared)(40,000-3,000) X 20% X $14Aug 14Stock Dividend Distributable $ 44,400Common stock $ 44,400(To record issuance of common stock)Oct 5Retained earnings $ 22,200Dividend Payable $ 22,200(To record cash dividend declared)((40,000 - 3,000 + 7,400) X $0.50)Oct 10Dividend Payable $ 22,200Cash $ 22,200(To record Dividend Paid)Dec 31Income Summary $ 282,800Retained earnings $ 282,800(To record profit transfer to retained earnings)Dec 31Retained earnings $ 103,600Stock Dividend $ 103,600(To record Closure of Stock Dividend)1a. Outstanding Common Shares - January 5April 5July 5October 5Outstanding Common Shares 40,000 37,000 37,000 44,4002a. Total Cash Dividend - January 5April 5July 5October 5Outstanding Common Shares 40,000 37,000 37,000 44,400Dividend per Share $ 0.50 $ 0.50 $ 0.50 $ 0.50Total Cash Dividend $ 20,000 $ 18,500 $ 18,500 $ 22,2003a. Capitalization of Retained Earnings due to Stock Dividend: Capitalization of Retained Earnings due to Stock Dividend:Number of Shares Outstanding on July 30 37,000Percentage of Stock Dividend20%Number of Shares to be Issued 7,400Amount to be Capitalized per Share $ 14.00Total Amount to be capitalized $ 103,6004a. Cost per Share of Treasury Stock -= Total Cost / Number of Treasury Stock= $60,000 / 3,000 Shares = $20 Per Share5a. Net Income -= Ending balance of Retained Earnings - Retained Earnings before net income= $420,000 - $137,200= $282,8001a. Outstanding Common Shares -January 5April 5July 5October 5Outstanding Common Shares 40,000 37,000 37,000 44,4002a. Total Cash Dividend -January 5April 5July 5October 5Total Cash Dividend $ 20,000 $ 18,500 $ 18,500 $ 22,2003a. Total amount capitalized - $103,600.4a. Cost per Share - $20 per Share5a. Net Income - $282,800