The equity sections for Arnold Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$12 par value, 140,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31). $720,000 108,000 590,000 $ 1,418,000 Common stock-$12 par value, 140,000 shares authorized, 65,650 shares issued, 3,500 shares in treasury Paid-in capital in excess of par value, common stock. Retained earnings ($84,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. January 5 Declared a $2.20 per share cash dividend, payable on January 10. $ 787,800 187,100 1,060,000 2,034,900 (84,000) $ 1,950,900 March 20 Purchased treasury stock for cash. April 5 Declared a $2.20 per share cash dividend, payable on April 10. July 5 Declared a $2.20 per share cash dividend, payable on July 10.1 July 31 Declared a 10% stock dividend when the stock's market value was $26 per share.. August 14 Issued the stock dividend that was declared on July 31.1 October 5 Declared a $2.20 per share cash dividend, date of record October 10. Requirement General Journal General Ledger Trial Balance Cash Dividends Stock Dividend Calculate the dollar amount of each cash dividend. Dates: January 01 to: January 01 April 05 July 05 October 05 Calculation of Cash Dividends January 05 How many common shares are outstanding? Dividend per share Total cash dividend