The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. HERRRRRRRRRRRRRRRRRRR $ Stockholders' Equity (December 31, 2016) Common stock-$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 140,000 100,000 360,000 600,000 $ Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) $ BBBBBBBBBBBBBBBBBBBBBBBBBBBB 164,800 149,600 420,000 734,400 (30,000) 704,400 Less cost of treasury stock Total stockholders' equity $ The following transactions and events affected its equity during year 2017. Jan. 5 Declared a $0.60 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.60 per share cash dividend, date of record April 10. July 5 Declared a $0.60 per share cash dividend, date of record July 10. July 31 Declared a 20% stock dividend when the stock's market value was $12 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.60 per share cash dividend, date of record October 10. Problem 13-4A Part 3 3. What is the amount of the capitalization of retained earnings for the stock dividend? Capitalization amount