GL1102 - Based on Problem 11-4A LO C3, P2, P3 The equity sections for Barcelona Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity ( January 1) Common stock-$12 par value, 140,000 shares authorized, 60,000 shares issued and outstanding $ 720, 000 Paid-in capital in excess of par value, common stock 108,000 Retained earnings 590 , 000 Total stockholders' equity $1, 418, 000 Stockholders' Equity ( December 31) Common stock-$12 par value, 140,000 shares authorized, 67,770 shares issued, 4,500 shares in treasury $ 813 , 240 Paid-in capital in excess of par value, common stock 216, 780 Retained earnings ($108,000 restricted by treasury stock) 1, 060, 000 2, 090 , 020 Less cost of treasury stock (108 , 000) Total stockholders' equity $1, 982, 020 The following transactions and events affected its equity during the year. Jan. 5 Declared a $2.00 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $2.00 per share cash dividend, payable on April 10. July 5 Declared a $2.00 per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was $26 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $2.00 per share cash dividend, date of record October 10.General Cash Requirement General Journal Ledger Trial Balance Dividends Stock Dividend The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record each event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given above. View transaction list View journal entry worksheet X No Date Account Title Debit CreditRequirement General General Cash Journal Ledger Trial Balance Dividends Stock Dividend Calculate the dollar amount of each cash dividend. Dates: Jan 01 to: Dec 31 Calculation of Cash Dividends January 05 April 05 July 05 October 05 How many common shares are outstanding? Dividend per share Total cash dividend. General . Cash . . Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Dates: Jan 01 Number of shares outstanding on July 30 Percentage of stock dividend Number of shares to be issued Amount to be capitalized per share Total amount to be capitalized v t0: Dec 31