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Problem $13-4$A $($Algo$)$ Analyzing changes in stockholders' equity accounts LO C$3,$ P$2,$ P$3$

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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$$$$6$ par value, $100,000$ shares authorized, $35,000$ shares issued and outstanding $ $210,000$

Paid$-$in capital in excess of par value, common stock $170,000$

Retained earnings $320,000$

Total stockholders$$ equity $ $700,000$

Stockholders$$ Equity $($December $31)$

Common stock$$$$6$ par value, $100,000$ shares authorized, $41,400$ shares issued, $3,000$ shares in treasury $ $248,400$

Paid$-$in capital in excess of par value, common stock $195,600$

Retained earnings $($$$50,000$ restricted by treasury stock$)420,000$

$864,000$

Less cost of treasury stock $(50,000)$

Total stockholders$$ equity $ $814,000$

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

January $5$ Declared a $$0\mathrm{.}50$ per share cash dividend, date of record January $10.$

March $20$ Purchased treasury stock for cash.

April $5$ Declared a $$0\mathrm{.}50$ per share cash dividend, date of record April $10.$

July $5$ Declared a $$0\mathrm{.}50$ per share cash dividend, date of record July $10.$

July $31$ Declared a $20\%$ stock dividend when the stock$$s market value was $$10$ per share.

August $14$ Issued the stock dividend that was declared on July $31.$

October $5$ Declared a $$0\mathrm{.}50$ per share cash dividend, date of record October $10.$

Problem $13-4$A $($Algo$)$ Part $3$

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