037 Required information (The following information applies to the questions displayed below) The equity sections for Atticus Group at the beginning of the year (January) and end of the year (December 35 follow Stockholders Equity (January 13 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, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. $160,000 120,000 320,000 $ 600,000 $ 189,600 179,200 400,000 768,800 (38,000) $ 738,800 January 5 March 20 April 5 July 5 July 31 August 14 October 5 Declared a $8.50 per share cash dividend, date of record October 10. Declared a se.50 per share cash dividend, date of record January 10. Purchased treasury stock for cash. Declared a $8.50 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 $12 per share. Issued the stock dividend that was declared on July 31. 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Check my work