Calculate the amount of retained earnings to be capitalized as a result of the stock dividend.

The equity sections from Stream Launch Group's 2016 and 2017 year-end balance sheets follow Stockholders' Common stock-$10 par value, 130, 000 shares ec authorized, 50, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500, 000 75,000 410,000 $ 985, 000 Stockholders' Equity (December 31, 2017) Common stock-$10 par value, 130, 000 shares authorized, 56, 370 shares issued, 4, 500 shares in S 563, 700 treasury Paid-in capital in excess of par value, common stock 151, 440 Retained earnings ($90,000 restricted by treasury stock) -70 ,0004 1, 455, 140 (90, 000) Less cost of treasury stock Total stockholders' equity $1,365, 140 The following transactions and events affected its equity during year 2017 Jan. 5 Declared a so.80 per share cash dividend, payable on January 1o Retained earnings ($90, 000 restricted by treasury stock) 740,000 1,455, 140 Less cost of treasury stock Total stockholders' equity (90,000) $1,365, 140 The following transactions and events affected its equity during year 2017 Jan. 5 Declared a s0.80 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.80 per share cash dividend, payable on April 10. July 5 Declared a $0.80 per share cash dividend, payable on July 10 July 31 Declared a 14% stock dividend when the stock's market value was $22 per share Aug. 14 Issued the stock dividend that was declared on July 31. oct. 5 Declared a $0.80 per share cash dividend, date of record October 10. 1 3 General Trial Balance Dividends Ledger Cash Requirement General Stock Dividern Journal Calculate the amount of retalned earnings to be capitalized as a result of the stock dividend. Dates: Jan 01 to: Dec 31 Capitalization of retained earnings due to stock dividend Number of shares outstanding on July 30 General ournal General Cash Requirement | Trial BalanceDividends Stock Divide Calculate the amount of retained earnings to be capitallzed as a result of the stock dividend. Dates: Jan 01 talization of retained earnings due to stock dividend Number of shares outstanding on July 30 Number of shares to be issued Amount to be capitalized per share Total amount to be capitalized Cash Dividends