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[The following information applies to the questions displayed below.] The equity sections from Atticus Groups 2016 and 2017 year-end balance sheets follow.

Stockholders Equity (December 31, 2016)
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		320,000
Total stockholders equity	$	630,000

Stockholders Equity (December 31, 2017)
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		192,600
Retained earnings ($50,000 restricted by treasury stock)		440,000
		839,600
Less cost of treasury stock		(50,000	)
Total stockholders equity	$	789,600

The following transactions and events affected its equity during year 2017.

Jan.		5		Declared a $0.50 per share cash dividend, date of record January 10.
Mar.		20		Purchased treasury stock for cash.
Apr.		5		Declared a $0.50 per share cash dividend, date of record April 10.
July		5		Declared a $0.50 per share cash dividend, date of record July 10.
July		31		Declared a 20% stock dividend when the stocks market value was $14 per share.
Aug.		14		Issued the stock dividend that was declared on July 31.
Oct.		5		Declared a $0.50 per share cash dividend, date of record October 10.

3. What is the amount of the capitalization of retained earnings for the stock dividend?

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