Maps *252Fims.meducation.com 2525mgmiddle Homework Mastery Problem Help Sove & Exit Sub Stockholders' Equity (January 1) Common stock-S4 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 240,000 36.000 200.000 $ 476,000 Stockholders. Equity (December 31) Common stock-$4 par value, 150,000 shares authorized, 66,720 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings (532,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $ 266,830 76.320 360,000 703,200 (32.000) $ 571,200 The following transactions and events affected its equity during the year January 5 Declared a $2.40 per share cash dividend, payable on January 10. March 2e Purchased treasury stock for cash. April 5 Declared a $2.40 per share cash dividend, payable on April 10. July 5 Declared a $2.40 per share cash dividend, payable on July 10. July 31 Declared a 12% stock dividend when the stock's market value was $1e per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $2.40 per share cash dividend, date of record October 10. General Cash 1 Requirement General Journal General Ledger Trial Balance Cash Dividends Stock Dividend Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Dates January 01 to January 01 ts Phun Capitalization of retained earnings due to stock dividend: Number of shares outstanding on July 30 Percentage of stock dividond Number of shares to be issued Amount to be capitale per share Total amount to be capitalized