The equity sections for Fields 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, 150,000 shares authorized, 60,000 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$4 par value, 150,000 shares authorized, 66,720 shares issued, 4,000 shares in treasury	$ 266,880
Paid-in capital in excess of par value, common stock	76,320
Retained earnings ($32,000 restricted by treasury stock)	360,000
	703,200
Less cost of treasury stock	(32,000)
Total stockholders equity	$ 671,200

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

January 5	Declared a $2.40 per share cash dividend, payable on January 10.
March 20	Purchased treasury stock for cash.
April 5	Declared a $2.40 per share cash dividend, payable on April 10.
July 5	Declared a $2.40 per share cash dividend, payable on July 10.
July 31	Declared a 12% stock dividend when the stocks market value was $10 per share.
August 14	Issued the stock dividend that was declared on July 31.
October 5	Declared a $2.40 per share cash dividend, date of record October 10.

Close income summary to retained earnings.

Calculate the dollar amount of each cash dividend.

UnadjustedAdjustedPost-closing

Dates:

January 01

to:

January 01

Calculation of Cash Dividends
	January 05	April 05	July 05	October 05
How many common shares are outstanding?
Dividend per share
Total cash dividend

Calculate the amount of retained earnings to be capitalized as a result of the stock dividend.

UnadjustedAdjustedPost-closing

Dates:

January 01

to:

January 01

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