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, 35,000 shares issued and outstanding $ 140,000
Paid-in capital in excess of par value, common stock 100,000
Retained earnings 360,000
Total stockholders’ equity $ 600,000


Stockholders’ Equity (December 31)
Common stock—$4 par value, 100,000 shares authorized, 41,000 shares issued, 5,000 shares in treasury $ 164,000
Paid-in capital in excess of par value, common stock 148,000
Retained earnings ($50,000 restricted by treasury stock) 440,000
752,000
Less cost of treasury stock (50,000)
Total stockholders’ equity $ 702,000

The 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 20 Purchased treasury stock for cash.
April 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 $12 per share.
August 14 Issued the stock dividend that was declared on July 31.
October 5 Declared a $0.50 per share cash dividend, date of record October 10.


3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?
What is the per share cost of the treasury stock purchased? (Round your answer to 2 decimal places.)
How much net income did the company earn this year?