The equity sections for Delray Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders Equity (January 1) Common stock $8 par value, 120, 000 shares authorized, 50, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 8 400, 000 60, 000 330, 000 $ 790, 000 Total stockholders' equity Stockholders' Equity (December 31) Common stock $8 par value, 120, 000 shares authorized, 58, 800 shares issued, 6, 000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($96, 000 restricted by treasury stock) $ 470, 400 148, 000 590, 000 1, 208, 400 (96, 000) S1, 112, 400 Less cost of treasury stock Total stockhol ders' equity The following transactions and events affected its equity during the year. 5 Declared a $0. 80 per share cash dividend, payable on January 10 20 Purchased treasury stock for cash. 5 Declared a $0. 80 per share cash dividend, payable on April 10. 5 Declared a $0. 80 per share cash dividend, payable on July 10. Jan. Mar. Apr. July July 31 Declared a 20% stock dividend when the stock s market value was $18 per share. Aug. 14 Issued the stock dividend that was declared on July 31. 5 Declared a $0. 80 per share cash dividend, date of record October 10. Oct. Cash General Journal General Trial Balance Stock Dividend Requirement Ledger Dividends Calculate the dollar amount of each cash dividend. Dates: Jan 01 to: Dec 31 Requirement General General Cash Journal Ledger Trial Balance Dividends Stock Dividend Calculate the dollar amount of each cash dividend. Dates: Jan 01 Calculation of Cash Dividends January 05 50,000 April 05 July 05 October 05 How many common shares are outstanding? 44,000 44,000 52,800 Dividend per share Total cash dividend Trial Balance Stock Dividend > The following transactions and events affected its equity during the year. 5 Declared a $0. 80 per share cash dividend, payable on January 10. 20 Purchased treasury stock for cash. 5 Declared a $0. 80 per share cash divi dend, payable on April 10. 5 Declared a $0. 80 per share cash dividend, payable on July 10. Jan. ts Mar. Apr. July July 31 Declared a 20 % stock dividend when the stock' s market value was $18 per share. Aug. 14 Issued the stock dividend that was declared on July 31. 5 Declared a $0. 80 per share cash dividend, date of record October 10. Book Oct. General Journal General Requirement Cash Dividends EStock Dividend Print Trial Balance Ledger Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. rences 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