newconnect.mheducation.com Saved Homework The following information applies to t

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newconnect.mheducation.com Saved Homework The following information applies to the questions displayed below. The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow Common stock-$5 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 s 200,000 160,000 340,000 $ 700,000 Stockholders Equity (December 31, 2017) Common stock-$s par value, 100,000 shares authorized, 47,000 shares issued, 5,000 shares in treasury $235,000 209,000 Paid-in capital in excess of par value, common stock Retained earnings (50,00 restricted by ereasury stock) 820.000 Less cost of treasury stock Total stockholders' equity $814,000 The following transactions and events affected its equity during year 2017 Jan. 5 Declared a so.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. ly 5 Declared a $0.50 per share cash dividend, date of record July 10. July Aug. 14 Issued the stock dividend that was declared on July 31. oct. 5 Declared a so.50 per share cash dividend, date of record oetober 10. 31 Declared a 20% stock dividend when the stock's market value was S12 per share. 2. What is the total dollar amount for each of the four cash dividends?

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2

05-Jan 40000*.5 20000 05-Apr 35000*.5 17500 05-Jul 17500 05-Oct 42000*0.5 21000

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