GL1302 (Static) - Based on Problem 13-4A Atticus Group LO C3, P2, P3 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 $ 160,000 120,000 320,000 $ 600,000 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 August 14 Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on 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. October 5 Declared a 50.50 per share cash dividend, date of record October 10. Requirement General Journal General Ledger That Balance Cash Dividends Stock Dividend Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Capitalization of retained earnings due to stock dividend 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 captaized GL1302 (Static) - Based on Problem 13-4A Atticus Group LO C3, P2, P3 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Conson stock-$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Stockholders Equity (January 1) Paid-in capital in excess of par value, common stock Retained earnings ok Total stockholders' equity $160,000 120,000 320,000 $600,000 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 nces Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a 50.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a 50.50 per share cash dividend, payable on April 10. Declared a 50.50 per share cash dividend, payable on July 10, Declared a 20s stock dividend when the stock's market value was $12 per share. August 14 Issued the stuck dividend that was declared on July 31. October 5 Declared a 50.50 per share cash dividend, date of record October 10. Requirement General Journal General Ledger Tnal Balance Cash Dividends Stock Dividend Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Capitalization of retained earnings due to stock dividend 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