Krupp Company reported the following amounts in the stockholders' equity section of its December 31, 2017, balance sheet.
Common stock, $5 par (2,000,000 shares authorized, 600,000 shares issued &outstanding)	3,000,000
Additional paid-in capital	850,000
Retained earnings	4,500,000
Total	8,350,000
During 2018, Krupp took part in the following transactions concerning stockholders' equity.

1	Jan 5 - 45,000 shares of authorized and unissued common stock were sold for $8 per share
2	Jan 16 - Declared a cash dividend of 20 cents per share, payable February 15 to stockholders of record on February 5
3	Feb 10 - 60,000 share of authorized and unissued common stock were sold for $12 per share
4	Feb 15 - Cash dividend declared on Jan 16 is paid
5	Mar 1 - Purchased 10,000 of its own outstanding common stock for $13 per share. Krupp Co. uses the cost method
6	Mar 15 - A 10% stock dividend was declared and issued. Fair value per share is currently $15

(a) Prepare journal entries to record the transactions described above.

b) Enter the events from part a) in the following worksheet showing how each event affects the column.

# of shares issued Common Stock # of shares outstanding Total Par Value Additional Paid-in Capital Retained Earnings Treasury Stock Item Beginning balance 1 2 3 4 6 Balance