The equity sections from Fields Group's 2016 and 2017 year-end balance sheets follow Stockholders' Equity (December 31, 2016) Common stock-$4 par value, 150,000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 240,000 36,000 200,000 476,000 Total stockholders' equity Stockholders' Equity (December 31, 2017) Common stock-$4 par value, 150,000 shares authorized, 66,720 shares issued, 4,000 shares in treasury $266,880 76,320 360,000 703,200 Paid-in capital in excess of par value, common stock Retained earnings ($32,000 restricted by treasury stock) (32,000) Less cost of treasury stock Total stockholders' equity $671,200 The following transactions and events affected its equity during year 2017. 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 a 12% stock dividend when the stock's market value was $10 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 RecurementSenmaleore General Journal Cash DividendsStock Dividend General Calculate the dollar amount of each cash dividend Dates: Jan 01 to: Dec 31 Calculation of Cash Dividends January 05 April 05 July 05 October 05 How many common shares are outstanding? Dividend per share Total cash dividend Trial Balance Stock Dividend>