he 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$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding	$ 175,000
Paid-in capital in excess of par value, common stock	135,000
Retained earnings	360,000
Total stockholders equity	$ 670,000

Stockholders Equity (December 31)
Common stock$5 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury	$ 207,000
Paid-in capital in excess of par value, common stock	167,000
Retained earnings ($50,000 restricted by treasury stock)	420,000
	794,000
Less cost of treasury stock	(50,000)
Total stockholders equity	$ 744,000

The following transactions and events affected its equity during the year.

January 5	Declared a $0.40 per share cash dividend, date of record January 10.
March 20	Purchased treasury stock for cash.
April 5	Declared a $0.40 per share cash dividend, date of record April 10.
July 5	Declared a $0.40 per share cash dividend, date of record July 10.
July 31	Declared a 20% stock dividend when the stocks market value was $10 per share.
August 14	Issued the stock dividend that was declared on July 31.
October 5	Declared a $0.40 per share cash dividend, date of record October 10.

3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?