The equity sections for Delray Group at the beginnirg of the year (January 1) and end of the year (December 31 ) follow. 1istockholders'i Equity (3anuacy 1 ) Comoun stock-58 por value, 120,009 shares autharized, 50,000 shares 15 ssued and outstanding Paid-in capital in excess of par value, combon stock Petained earnings rotal stockholders" equity 1istackhalders' touity (oecenber i1) Common stock-96 par yalue, 120,000 shares authorited, 50, Wog shares isued, 6,00e shares in treasury paid-in capltal in excess of par value. coanon stock fietalned earnings (\$96, e0e restricted by tressary stock) Less cast of treasury itock Total stockholders" equlty The following transactions and events affected its equity during the year January 5 Declared a sa.00 pee share cash dividend, payable on January 10. Merch 20 Purchased treasiry stack for cash. April 5 peclared a \$e,80 per shere cash dividend, paysble on Apri1 10. Joly 5 Declared a \$0.80 per share cash dividend, payable an 3uly 10. July 31 Declared a 20 stock dividend when the stock's market value was \$18 per share. Aagust 14 Issued the stock dividend that was declared on July. 31. october.5. Declared a $0,80 per shere cash dividend, date of record october 10. Prex 1 of 1 NHexi Journal entry worksheet Declared a $0.80 per share cash dividend, payable on January 10. Note: Enter debits before credits. 1 Declared a $0.80 per share cash dividend, payable on January 10. 2 Record payment of the January 5 dividend. 3 Purchased treasury stock for cash. Hint: Use information from the December 31 Stockholders' equity statement. Entry to restrict retained earnings is not required. 4 Declared a $0.80 per share cash dividend, payable on April 10. 5 Record payment of the April 5 dividend. 6 Declared a $0.80 per share cash dividend, payable on Note : = journal entry has been entered 6 Declared a $0.80 per share cash dividend, payable on July 10. 7 Record payment of the July 5 dividend. 8 Declared a 20% stock dividend whe ftime stock's market value is $18 per share. 9 Issued the stock dividend that was declared on July 31. 10 Declared a $0.80 per share cash dividend, date of record October 10. 11 Record payment of the October 10 dividend. Note : = journal entry has been entered July 10. 7 Record payment of the July 5 dividend. 8 Declared a 20% stock dividend when the stock's market value is $18 per share. 9 Issued the stock dividend that was declared on July 31. 10 Declared a $0.80 per share cash dividend, date of record October 10. 11 Record payment of the October 10 dividend. 12 Close income summary to retained earnings. Note : = journal entry has been entered Record entry Clear entry View general joumal April 5 Declared a $0.80 per share cash dividend, payable on April 10. July 5 Declared a 50,80 per share cash dividend, payable on July 10. July 31 Declared a 20% stock dividend when the stock's market value was $18 per share. August 14 Issued the stock dividend that was declared on July 31. October 5 Declared a 50.80 per share cash dividend, date of record october 10. Calculate the dollar amount of each cash dividend. January 5 Declared a 50.80 per share cash dividend, payable on January 10. March 20 Purchased treasury stock for cash. April 5 Declared a \$0.80 per share cash dividend, payable on April 10. July 5 Declared a $0.80 per share cash dividend, payable on July 10. July 31 Declared a 20% stock dividend when the stock's market value was \$18 per share. August 14 Issued the stock dividend that was declared on 3u1y31. October 5 Declared a $0.80 per share cash dividend, date of record october 10. Calculate the amount of retained earnings to be capitalized as a result of the stock dividend