This a homework question and I did not learn about this in class. We are still figuring out dividends and treasury stock. If someone could help that would be great! Here is the problem:

Stockholders' Equity (December 31, 2012)
Common stock--$5 par value, 50,000 shares
authorized, 41,400 shares issued, 3,000 shares in treasury$ 207,000
Paid-in capital in excess of par value, common stock 179,800
Retained earnings ($50,000 restricted by treasury stock) 440,000

826,800
Less cost of treasury stock (50,000)

Total stockholders' equity$ 776,800


The following transactions and events affected its equity during year 2012.

Jan.5 Declared a $0.40 per share cash dividend, date of record January 10.
Mar.20 Purchased treasury stock for cash.
Apr.5 Declared a $0.40 per share cash dividend, date of record April 10.
July5 Declared a $0.40 per share cash dividend, date of record July 10.
July31 Declared a 20% stock dividend when the stock's market value is $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.