Stockholders' Equity (December 31, 2016) Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 Stockholders' Equity (December 31, 2017) Common stock-$10 par value, 130,000 shares authorized, 56, 370 shares issued, 4,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($90,000 restricted by treasury stock) $ 563,700 151, 440 740,000 1,455, 140 (90,000) $1,365, 140 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $0.80 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.80 per share cash dividend, payable on April 10. July 5 Declared a $0.80 per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was S22 per share. Aug 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.80 per share cash dividend, date of record October 10. Nevt following transactions and events affected its equity during year 2017. . 5 Declared a $0.80 per share cash dividend, payable on January 10. 20 Purchased treasury stock for cash. . 5 Declared a $0.80 per share cash dividend, payable on April 10. -Y 5 Declared a $0.80 per share cash dividend, payable on July 10. y 31 Declared a 14% stock dividend when the stock's market value was $22 J. 14 Issued the stock dividend that was declared on July 31. t. 5 Declared a $0.80 per share cash dividend date of record October 10. Requirement General Journal General Ledger Trial Balance Cash Dividends Stock Dividend General Ledger tab - Prepare journal entries for each transaction. Cash Dividends tab - Calculate the amount of each cash dividend Stock Dividend tab - Calculate the amount of retained earnings to be capitalized. General Journal >