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$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding	$	160,000
Paid-in capital in excess of par value, common stock		120,000
Retained earnings		320,000
Total stockholders equity	$	600,000

Stockholders Equity (December 31)
Common stock$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury	$	189,600
Paid-in capital in excess of par value, common stock		179,200
Retained earnings ($30,000 restricted by treasury stock)		400,000
		768,800
Less cost of treasury stock		(30,000	)
Total stockholders equity	$	738,800

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

Jan.		5		Declared a $0.50 per share cash dividend, payable on January 10.
Mar.		20		Purchased treasury stock for cash.
Apr.		5		Declared a $0.50 per share cash dividend, payable on April 10.
July		5		Declared a $0.50 per share cash dividend, payable on July 10.
July		31		Declared a 20% stock dividend when the stocks market value was $12 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.

General General Cash Trial Balance Stock Dividend Requirement Journal Ledger Dividends The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record ea event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given above. View transaction list View journal entry worksheet No Date Account Title Debit Credit Retained earnings Jan 05 1 General Ledger Requirement General General Cash Trial Balance Requirement Stock Dividend Journal Ledger Dividends Note: The ending equity balances should agree with the December 31 Statement of Stockholders' Equity. Dates: Jan 01 to: Dec 31 General Ledger Account Cash Common stock Balance No. Date Debit Credit No. Date Debit Credit Balance Jan 01 848,000 Jan 01 160,000 Retained earnings Paid-in capital, Common Balance No. Date Debit Credit No. Date Debit Credit Balance 320,000 Jan 01 120,000 Jan 01 Income summary Balance No. Date Debit Credit (248,000) Jan 01 General Journal Trial Balance General General Cash Trial Balance Stock Dividend Requirement Journal Ledger Dividends Atticus Group Trial Balance December 31, 2019 Credit Account Title Debit 848,000 Cash Common stock 160,000 Paid-in capital, Common 120,000 Retained earnings 320,000 248,000 Income summary 848,000 Total 848,000 $ General Ledger Cash Dividends > Cash General General Stock Dividend Requirement Trial Balance Journal Ledger Dividends Calculate the dollar amount of each cash dividend. Dates: Jan 01 to: Dec 31 Calculation of Cash Dividends January 05 April 05 October 05 July 05 How many common shares are outstanding? Dividend per share Total cash dividend Trial Balance Stock Dividend General General Cash Stock Dividend Trial Balance Requirement Journal Ledger Dividends Calculate the amount of retained earnings to be capitalized as a result of the stock dividend Dates: Jan 01 to: Dec 31 Capitalization of retained earnings due to stock dividend: Number of shares outstanding on July 30 Percentage of stock dividend Number of shares to be issued Amount to be capitalized per share Total amount to be capitalized Cash Dividends Stock Dividend