NOTE: Although this problem is different from that found in the text, you may use the working papers designed for Problem 11-4B in solving this problem.

The equity sections from Scanat Corporation's 2002 and 2003 balance sheets follow:

Stockholders' Equity (December 31, 2002)
Common Stock - $15 par value, 40,000 shares authorized, 25,000 shares issued and outstanding	$375,000
Contributed capital in excess of par value, common stock	225,000
Total contributed capital	$600,000
Retained Earnings	285,000
Total Stockholders' Equity	$885,000

Stockholders' Equity (December 31, 2003)
Common Stock - $15 par value, 40,000 shares authorized, 27,200 shares issued, 3,000 shares in treasury	$408,000
Contributed capital in excess of par value, common stock	249,200
Total contributed capital	$657,200
Retained Earnings ($57,200 restricted by Treasury Stock)	294,160
	$951,360
Less Treasury Stock at Cost	(57,200)
Total Stockholders' Equity	$894,160

The following transactions and events affect its equity accounts during year 2003:

Feb.	15	Declared a $0.20 per share cash dividend, date of record February 20.
Mar.	2	Purchased treasury stock for cash.
May	15	Declared a $0.20 per share cash dividend, date of record May 20.
Aug.	15	Declared a $0.20 per share cash dividend, date of record Aigist 20.
Oct.	4	Declared a 10% stock dividend when the stock's market value is $26 per share.
Oct.	20	Issued a stock dividend that was declared on October 4.
Nov.	15	Declared a $0.20 per share cash dividend, date of record November 20.

Required:

1. How many common shares are outstanding on each cash dividend date?
2. What is the total dollar amount for each of the four cash dividends?
3. What is the amount of the capitalization of retained earnings for the stock dividend?
4. What is the per share cost of the treasury stock purchased?
5. How much net income did the company earn during year 2003?