[The following information applies to the questions displayed below.] The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow.

Stockholders Equity (January 1)
Common stock$5 par value, 100,000 shares authorized, 30,000 shares issued and outstanding	$	150,000
Paid-in capital in excess of par value, common stock		110,000
Retained earnings		340,000
Total stockholders equity	$	600,000

Stockholders Equity (December 31)
Common stock$5 par value, 100,000 shares authorized, 35,400 shares issued, 3,000 shares in treasury	$	177,000
Paid-in capital in excess of par value, common stock		137,000
Retained earnings ($60,000 restricted by treasury stock)		420,000
		734,000
Less cost of treasury stock		(60,000	)
Total stockholders equity	$	674,000

The following transactions and events affected its equity during the year.

Jan.		5		Declared a $0.50 per share cash dividend, date of record January 10.
Mar.		20		Purchased treasury stock for cash.
Apr.		5		Declared a $0.50 per share cash dividend, date of record April 10.
July		5		Declared a $0.50 per share cash dividend, date of record July 10.
July		31		Declared a 20% stock dividend when the stocks market value was $10 per share.
Aug.		14		Issued the stock dividend that was declared on July 31.
Oct.		5		Declared a $0.50 per share cash dividend, date of record October 10.

3. What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?