2 5 points eBook Print References 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, 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. January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a 40.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10, 1 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. $ 160,000 120,000 320,000 $ 600,000 $ 189,600 179.200 400,000 760,000 (30,000) $730,000 Mc General Requirement Journal General Ledger Cash Trial Balance Dividends Stock Dividend The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record each