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, 58,010 shares issued, 5,500 shares in treasury $ 580,100 Paid-in capital in excess of par value, common stock 171, 120 Retained earnings ($110,000 restricted by treasury stock) 740,000 1,491,220 Less cost of treasury stock (110,000) Total stockholders' equity $1,381,220 The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $1.20 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $1.20 per share cash dividend, payable on April 10. July 5 Declared a $1.20 per share cash dividend, payable on July 10. July 31 Declared a 18 stock dividend when the stock's market value was $22 per Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $1.20 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 >