Required Information Problem 13-4A Analysis of changes in stockholders' equity accounts LO C3, P2, P3 The following information applies to the questions displayed below.] The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Stockholders' Equity (December 31, 2016) Common stock-$5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $200,000 Paid-in capital in excess of par value, common stock 160,000 Retained earnings 340,000 Total stockholders' equity $700,000 Stockholders' Equity (December 31, 2017) Common stock-$5 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 ($60,000 restricted by treasury stock) $ 237,000 197,000 400,000 834,000 (60,000) $ 774,000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $0.60 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. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10. Problem 13-4A Part 3 3. What is the amount of the capitalization of retained earnings for the stock dividend? Capitalization amount