The equity sections from Stream Launch Group's 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 Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ see, ebe 75,000 410,000 $ 985,000 es Stockholders' Equity (December 31, 2017) Common stock-$10 par value, 130,000 shares authorized, 56,370 shares issued, 4,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($90,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $ 563,700 151,440 740, eee 1,455,140 (90,000) $1,365, 140 The following transactions and events affected its equity during year 2017. Jan. 5 Declared a $0.80 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.80 per share cash dividend, payable on April 1e. July 5 Declared a $0.80 per share cash dividend, payable on July 10. 1.1.1 Norror 14 tardividend when the store market valle wae nan chana LOS ral. 20 Pu Liseu LICOS Y SLUCA TUI Apr. 5 Declared a $0.80 per share cash dividend, payable on April 19. July 5 Declared a $0.80 per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was $22 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.80 per share cash dividend, date of record October 10. General Journal General Ledger Requirement Cash Dividends Trial Balance Stock Dividend The following transactions and events affected its equity during 2017. Prepare the journal entry necessary to record ea and then agree the year-end balances with the December 31, 2017 Stockholders' Equity statement given above. View transaction list View journal entry worksheet Credit No Date Account Title Debit 450,960 1 Jan 05 Retained earnings Common dividend payable 450,960 450,960 2 Jan 10 Common dividend payable Cash 450,960 ton Common The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $0.80 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.80 per share cash dividend, payable on April 10. July 5 Declared a $0.80 per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was $22 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.8e per share cash dividend, date of record October 10. Y Requirement General Journal General Ledger Trial Balance Stock Dividend Cash Dividends nces Calculate the dollar amount of each cash dividend. Dates: Jan 01 to: Dec 31 July 05 October 05 Calculation of Cash Dividends January 05 April 05 How many common shares are outstanding? Dividend per share Total cash dividend The following transactions and events affected its equity during year 2017 Jan. 5 Declared a $0.80 per share cash dividend, payable on January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.80 per share cash dividend, payable on April 1e. July 5 Declared a $0.8e per share cash dividend, payable on July 10. July 31 Declared a 14% stock dividend when the stock's market value was $22 per share. Aug. 14 Issued the stock dividend that was declared on July 31. Oct. 5 Declared a $0.80 per share cash dividend, date of record October 10. General Journal General Ledger Requirement Cash Dividends Trial Balance stock Dividend Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. to: ec 31 Dates: Jan 01 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