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 Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 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 $0.50 per share cash dividend, payable on January 10. March 201 Purchased treasury stock for cash. April 5 Declared a $0.50 per share cash dividend, payable on April 10. $160,000 120,000 320,000 $ 600,000 $ 189,600 179,200. 400,000 768,800 (30,000) $ 738,800 January 5 Declared a $0.50 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 July 5 July 31 Declared a $0.50 per share cash dividend, payable on April 10. Declared a $0.50 per share cash dividend, payable on July 10. Declared a 20% stock dividend when the stock's market value was $12 per share.. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.50 per share cash dividend, date of record October 10. Answer is not complete. Requirement General Journal General Ledger Trial Balance Cash Dividends Stock Dividend The following transactions and events affected its equity during the year. Prepare the journal entry necessary to record each event, and then agree the year-end balances with the December 31 Stockholders' Equity statement given above. Account Title No 1 Date January 05 Retained earnings Common dividend payable 2 January 10 Common dividend payable. Cash Debit 20,000 Credit 20,000 20,000 20.000 1 January 05 Retained earnings 20,000 Common dividend payable 20,000 2 January 10 Common dividend payable 20,000 Cash 20,000 3 March 20 Treasury stock, Common 30,000 Cash 30,000 4 April 05 Retained earnings 18,500 Common dividend payable 18,500 5 April 10 Common dividend payable 18,500 Cash 18,500 6 July 05 Retained earnings Common dividend payable 7 July 10 Common dividend Davable S 18.500 18,500 18.500 7 July 10 Common dividend payable 18,500 Cash 18,500 8 July 31 Retained earnings 88,800 Common stock distributable 29,600 59,200 9 August 14 Common stock distributable 88,800 Common stock 29,600 10 October 05 Retained earnings 22,200 Common dividend payable 22,200 11 October 10 Common dividend payable Cash 12 December 31 Common dividend payable Common stock Retained earnings 000 22,200 22,200 148,480 43,200