The equity sections from Barcelona Group's 2016 and 2017 year-end balance sheets follow 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 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 2000.029 Less cost of treasury stock (100, 000) Total stockholders' equity $1,982,628 The following transactions and events affected its equity during year 2017 The following transactions and events affected its equity during year 2017 Jan. 5 declared a $2.00 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $2.00 per share cash dividend, payable on April 10. July 5 Declared a $2.00 per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was $26 per share Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $2.00 per share cash dividend, date of record October 10. General Journal General Ledger Requirement Cash Dividends Stock Dividend Trial Balance Calculate the amount of retained earnings to be capitalized as a result of the stock dividend Dates: Jan 01 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 dividend Dates: Jan 01 to Dec 31 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