Family Corporation declared a 30% stock dividend on 400,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $10. What is the amount of retained earnings capitalized with this transaction? $600,000$1,200,000 There is no capitalization of retained earnings with this type of transaction. None of the choices are correct. $120,000 Family Corporation declared a 30% stock dividend on 400,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $10. What is the amount of retained earnings capitalized with this transaction? $600,000$1,200,000 There is no capitalization of retained earnings with this type of transaction. None of the choices are correct. $120,000