The equity sections for Streamline 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 Total stockholders' equity Stockholders' Equity (December 31) Common stock-$8 par value, 120,000 shares authorized, 54,650 shares issued, 3,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($56,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity 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. $ 400,000 60,000 - 330,000 $790,000 $ 437,200 106,500 590,000 1,133,700 (56,000) $ 1,077,700 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 10% 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 $1.60 per share cash dividend, date of record October 10. Requirement General Journal General Ledger Cash Trial Balance Dividends Stock Dividend Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. 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 Dates: January 01 to: January 01