The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow: Stockholders' Equity (January 1)
Common stock—$5 par value, 100, 000 shares Authorized, 35, 000 shares issued and outstanding $175,000
Paid—in capital in excess of par value, common stock 135,000
Retained earnings 340,000
Total stock-holder's equity $650,000

Stockholders' Equity (December 31
Common stock—$5 par value, 100,000 shares authorized, 41,200 shares issued, 4 000 shares in treasury $206,000
Paid—in capital in excess of par value, common stock 178,400
Retained earnings ($50 000 restricted by treasury stock) 420,000
804,00
Less cost of treasury stock 50,000
Total stock-holder's equity $754,400

Jan 5 Declared a $0.40 per share cash dividend, date
Mar. 20 Purchased treasury stock for cash.
Apr. 5 Declared a $0.40 per share cash dividend, date of record April 10.
July 5. Declared a $0.40 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 $0.40 per share cash dividend, date of record October 10.

Required:
What is the amount of retained earnings transferred to paid-in capital accounts (capitalized) for the stock dividend?