The equity sections for Austin Group at the beginning of the year (January 1) and end of the year (December 31) follow.

Stockholders Equity (January 1)
Common stock$6 par value, 110,000 shares authorized, 40,000 shares issued and outstanding	$ 240,000
Paid-in capital in excess of par value, common stock	36,000
Retained earnings	200,000
Total stockholders equity	$ 476,000

Stockholders Equity (December 31)
Common stock$6 par value, 110,000 shares authorized, 45,600 shares issued, 5,000 shares in treasury	$ 273,600
Paid-in capital in excess of par value, common stock	80,800
Retained earnings ($60,000 restricted by treasury stock)	360,000
	714,400
Less cost of treasury stock	(60,000)
Total stockholders equity	$ 654,400

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

January 5	Declared a $1.60 per share cash dividend, payable on January 10.
March 20	Purchased treasury stock for cash.
April 5	Declared a $1.60 per share cash dividend, payable on April 10.
July 5	Declared a $1.60 per share cash dividend, payable on July 10.
July 31	Declared a 16% stock dividend when the stocks market value was $14 per share.
August 14	Issued the stock dividend that was declared on July 31.
October 5	Declared a $1.60 per share cash dividend, date of record October 10.

General Journal tab - Journalize the transactions related to the notes and accounts payable of Austin Group. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. Declared a $1.60 per share cash dividend, payable on January 10. Record payment of the 01/05 dividend. Purchased treasury stock for cash. Hint: Use information from the December 31 Stockholders' equity statement. Entry to restrict retained earnings is not required. Declared a $1.60 per share cash dividend, payable on April 10. Record payment of the 04/05 dividend. Declared a $1.60 per share cash dividend, payable on July 10. Record payment of the 07/05 dividend. Declared a 16% stock dividend when the stock's market value is $14 per share. 9 Issued the stock dividend that was declared on July 31. 10 Declared a $1.60 per share cash dividend, date of record October 10. 11 Record payment of the 10/10 dividend. 12 Close income summary to retained earnings. Calculate the dollar amount of each cash dividend. Dates: Calculate the amount of retained earnings to be capitalized as a result of the stock dividend