The equity sections from Barcelona Group's 2016 and 2017 year-end balance sheets Stockholders' Equity (December 31, 2016) Common stock-$12 par value, 140,000 shares authorized, 60, 000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 720,000 108,000 590,000 $1,418,000 Stockholders' Equity (December 31, 2017) Common stock-$12 par value, 140,000 shares authorized, 67, 770 shares issued, 4,500 shares in treasury $ 813,240 Paid-in capital in excess of par value, common stock 216, 780 Retained earnings ($108,000 restricted by treasury stock) 1,060,000 2,090, 020 Less cost of treasury stock (108,000) Total stockholders' equity $1,982, 020 Dates: Jan 01 July 05 October 05 Calculation of Cash Dividends January 05 April 05 How many common shares are outstanding? Dividend per share Total cash dividend Requirement General Journal General Ledger Trial Balance Cash Dividends Stock Dividend Calculate the amount of retained earnings to be capitalized as a result of the stock or Dates: Jan 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 0 0 M