The equity sections from Marshall Groups 2016 and 2017 year-end balance sheets follow.

Stockholders Equity (December 31, 2016)
Common stock$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding	$	500,000
Paid-in capital in excess of par value, common stock		75,000
Retained earnings		410,000
Total stockholders equity	$	985,000

Stockholders Equity (December 31, 2017)
Common stock$10 par value, 130,000 shares authorized, 58,800 shares issued, 6,000 shares in treasury	$	588,000
Paid-in capital in excess of par value, common stock		180,600
Retained earnings ($120,000 restricted by treasury stock)		740,000
		1,508,600
Less cost of treasury stock		(120,000	)
Total stockholders equity	$	1,388,600

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 20% stock dividend when the stocks market value was $22 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 Ledger tab - Prepare journal entries for each transaction.

Cash Dividends tab - Calculate the amount of each cash dividend

Stock Dividend tab - Calculate the amount of retained earnings to be capitalized.