Question: The equity sections from Atticus group's 2016 and 2017 year-end balance sheets follow. Check my work mode: This shows what is correct or incorrect for

The equity sections from Atticus group's 2016 and 2017 year-end balance sheets follow.

 The equity sections from Atticus group's 2016 and 2017 year-end balance

Check my work mode: This shows what is correct or incorrect for the w Requtred Information [The following information applies to the questions displayed below The equity sections from Atticus Group's 2016 and 2017 year-end balance sheets follow. Comon stock-$6 par value, 100, 000 shares $ 240,000 200,000 340,000 780,000 authorised, 40, 000 shazes issued and outstanding Paid-in capital in excess of par value, common tock Total stockholders' equity Common tock-56 par value, 100,000 shares $ 282, 000 25,000 400,000 authorised, 47,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of par value, common stoch Retained earnings (S60, 000 restricted by treasury stock) (60, 000 less cost of treasury stock 878,000 Total stockholders equity The following transactions and events affected its equity during year 2017 Jan. 5 Declared a s0.40 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stoct for cash. Apr. 5 Declazed a $0.40 per share cash dividend, date of zecord April 10. July 5 Declazed a s0.40 per shaze cash dividend, date of record July 10. July 31 Declared a 20 tock dividend when the stock's market value wa, S14 per share. Aug. 14 Insued the stoch dividend that vas declazed on July 31. Oet. 5 Declazed a so.40 per share cash dividend, date of xecord October 10 3. What is the amount of the capitalization of retained eanings for the stock dividend? Answer is complete but not entirely correct

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