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The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2017 is as follows:

Stockholders' Equity

Common stock, $5 par value; authorized, 1,500,000 shares; issued, 300,000 shares $1,500,000

Paid-in capital in excess of par 840,000

Retained earnings 3,060,000

5400000

The following events occurred during 2018:

1.Jan. 532,000 shares of authorized and unissued common stock were sold for $8 per share.

2.Jan. 16Declared a cash dividend of 20 cents per share, payable February 15 to stock-holders of record on February 5.

3.Feb. 1040,000 shares of authorized and unissued common stock were sold for $13 per share.

4.March 1A 30% stock dividend was declared and issued. Fair value per share is currently $15.

5.April 1A two-for-one split 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 1A 15% stock dividend was declared and issued. Fair value is currently $10 per share.

7.Aug. 1A 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.

Common StockItemNo. of

Shares IssuedTotal

Par ValuePaid-in Capital in

Excess of ParRetained

Earnings