I have one accounting question regarding stock holder's equity.

1. The stockholder's equity section of Benton Corporation's balance sheet as of December 31, 2012 is as follows: Stock Holder's Equity Common Stoc, $5 par vaue; 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 $5,850,000 The following events occurred during 2013: 1. Jan 5 2. Jan 16 3. Feb 10 20,000 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 stock-holders of record on February 5. 30,000 shares of authorized and unissued common stock were sold for $12 per share. 4. March 1 A 30% stock dividend was declared and issued. Fair value per share is currently $15. 5. April 1 A two-for-one split was carried out. The par value of the stock was to be reduced $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 share. 7. Aug 1 A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21. Instructions: Enter the above events into the following work sheet showing how each event affects the column. Event No.1 will serve as an example. Common Stock Item Beinning Bal-1/1/13 Event #1 - Jan 5 -0Balance No. of. Total Paid-in Capital in Retained Shares Issued Par Value excess of par Earnings 400,000 $2,000,000 $850,000 $3,000,000 20,000 100,000 60,000 420,000 Event # 2 - January 16 (and events 3 through 7) $2,100,000 $910,000 $3,000,000