The equity sections from atticus group’s 2016 and 2017 year-end balance sheets follow. stockholders’ equity (december 31, 2016) common stock—$4 par value, 100,000 shares authorized, 35,000 shares issued and outstanding $ 140,000 paid-in capital in excess of par value, common stock 100,000 retained earnings 320,000 total stockholders’ equity $ 560,000 stockholders’ equity (december 31, 2017) common stock—$4 par value, 100,000 shares authorized, 41,000 shares issued, 5,000 shares in treasury $ 164,000 paid-in capital in excess of par value, common stock 148,000 retained earnings ($60,000 restricted by treasury stock) 400,000 712,000 less cost of treasury stock (60,000 ) total stockholders’ equity $ 652,000 the following transactions and events affected its equity during year 2017. 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 stock’s market value was $12 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 the capitalization of retained earnings for the stock dividend?