sorry for the formatI have to copy and paste the question b/c every time I upload a picture file it is too large

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$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding$ 175,000Paid-in capital in excess of par value, common stock135,000Retained earnings340,000Total stockholders equity$ 650,000Stockholders Equity (December 31) Common stock$5 par value, 100,000 shares authorized, 41,400 shares issued, 3,000 shares in treasury$ 207,000Paid-in capital in excess of par value, common stock192,600Retained earnings ($60,000 restricted by treasury stock)420,000 819,600Less cost of treasury stock(60,000)Total stockholders equity$ 759,600

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

January 5Declared a $0.60 per share cash dividend, date of record January 10.March 20Purchased treasury stock for cash.April 5Declared a $0.60 per share cash dividend, date of record April 10.July 5Declared a $0.60 per share cash dividend, date of record July 10.July 31Declared a 20% stock dividend when the stocks market value was $14 per share.August 14Issued the stock dividend that was declared on July 31.October 5Declared a $0.60 per share cash dividend, date of record October 10.

Problem 13-4A (Algo) Part 3

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