09:59 The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2014 Common stock, $5 value, authorized, 2,000,000 shares; par $2,000,000 850,000 400,000 shares Paid-in capital in excess of par $5.850.000 Retained eamings The following events occurred during 2015: 1. Jan. 5 30,000 shares of authorized and unissued common stock were sold for S8 per 2 Jan. 16 Declared a cash dividend of 20 cents per share, payable February 15 to stock- holders of record on February 5. 3 Feb. 10 40,000 shares of authorized and unissued common stock were sold for $12 per 4. March 1 A 30% stock dividend was declared and issued Fair value per share is currenty $15. 5. April 1 Atwo-for-one was carried out. The par value of the stock was to be reduced to $2.50 per share. Fair value on March 31 was $18 per share. 6, July 1 A 15% stock dividend was declared and issued. Fair value is currently $10 per 7. Aug. 1 A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21. Enter the above events into the following work sheet showing how each event affects the column, Event No. 1 will serve as an example, No, of Total Paid-in Capital In Beginning Balance--111/13 400,000 $2,000,000 $850.000 $3,000,000 Event 81 Jan. 5 30,000 150,000 90,000 $2,150,000 $940,000 Event s 2- Jan. 16 (and events 3through