The equity sections for Atticus Group at the beginning of the year (January 1) and end of the y Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $180,000 140,000 320,000 $640,000 Stockholders. Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 35,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($40,000 restricted by treasury stock) $ 211, 200 181,600 400,000 792,800 (40,000) $752,800 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Dan. 5 Declared a $8.5e per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10. July5 Declares a $2.50 per share cash dividend, date of record Suly 10. July 31 Declarea a 20% stock dividend when the stock's market value was $14 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct 5 Declared 8 $0.5e per share cash dividend, date of record October 10. 3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend? Capitalization amount