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Question #2 Stock Dividend The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2014 is as follows Common stock, $5 par value; authorized, 2,000,000 shares; issued, 400,000 shares Paid-in capital in excess of par Retained earnings $2,000,000 850,000 3,000,000 The following events occurred during 2015: 1. Jan. 5 30,000 shares of authorized and unissued common stock were sold for $8 per share