The equity sections for Ontario 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, 46,210 shares issued, 5,500 shares in treasury $ 277,260 Paid-in capital in excess of par value, common stock 85,680 Retained earnings ($66,000 restricted by treasury stock) 360,000 722,940 Less cost of treasury stock (66,000 ) Total stockholders equity $ 656,940 The following transactions and events affected its equity during the year. Jan. 5 Declared a $2.40 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 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 an 18% stock dividend when the stocks market value was $14 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $2.40 per share cash dividend, date of record October 10.

General Ledger tab - Prepare journal entries for each transaction.

Cash Dividends tab - Calculate the amount of each cash dividend

Stock Dividend tab - Calculate the amount of retained earnings to be capitalized.