The equity sections from Marshall Group’s 2016 and 2017 year-endbalance 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 duringyear 2017.

Jan.		5		Declared a $2.00 per share cash dividend, payable on January10.
Mar.		20		Purchased treasury stock for cash.
Apr.		5		Declared a $2.00 per share cash dividend, payable on April10.
July		5		Declared a $2.00 per share cash dividend, payable on July10.
July		31		Declared a 20% 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 $2.00 per share cash dividend, date of record October10.

General Ledger tab - Prepare journalentries for each transaction.

Cash Dividends tab -Calculate the amount of each cash dividend

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