Common stock, $5 par value; authorized, 1,900,000 shares; issued, 380,000 shares Paid-in capital in excess of par Retained earnings $1,900,000 855,000 3,100,000 $5,855,000 The following events occurred during 2021: 1. Jan. 5 Jan. 16 2. 3. Feb. 10 March 1 4. 5. April 1 32,000 shares of authorized and unissued common stock were sold for $8 per share. Declared a cash dividend of 20 cents per share, payable February 15 to stockholders of record on February 5. 40,000 shares of authorized and unissued common stock were sold for $12 per share. A 30% stock dividend was declared and issued. Fair value per share is currently $14. A 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. A 15% stock dividend was declared and issued. Fair value is currently $10 per share. A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21. 6. July 1 7. Aug. 1 Enter the above events into the following work sheet showing how each event affects the column. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45). Do not leave any answer field blank. Enter O for amounts.) Common Stock No. of Shares Issued Total Par Value Paid-in Capital in Excess of Par Item Beginning Balance- 1/1/21 $ $ $ Event #1 - Jan. 5 Balance $ $ $ Event #2 - Jan. 16 Balance $ $ $ Event #3 - Feb. 10 Balance $ $ Event #4 -March 1 Balance $ $ $ Event #5 -April 1 Balance $ $ $ Event #6 - July 1 Balance $ $ $ Event #7 -Aug. 1 Balance $ $ $