Question 5 The equity section of Benton Corporation's statement of financial position as of December 31, 2018 is as follows: Equity Share capital ordinary, 5 par value; authorized, 2,000,000 shares; issued, 400,000 shares 2,000,000 Share premium ordinary 850,000 Retained earnings 3,000,000 5,850,000 The following events occurred during 2019: 1. Jan. 16 Declared a cash dividend of 2 per share, payable February 15 to share- holders of record on February 5. 2. Feb. 10 Issued 20,000 ordinary shares for 12 per share cash. 3. March 1 A 3-for-1 share split was declared 4. Aprill A 15% share dividend was declared and issued. 5. July 1 10,000 share was purchased for treasury at 10 per share. Question 5 The equity section of Benton Corporation's statement of financial position as of December 31, 2018 is as follows: Equity Share capital ordinary, 5 par value; authorized, 2,000,000 shares; issued, 400,000 shares 2,000,000 Share premium ordinary 850,000 Retained earnings 3,000,000 5,850,000 The following events occurred during 2019: 1. Jan. 16 Declared a cash dividend of 2 per share, payable February 15 to share- holders of record on February 5. 2. Feb. 10 Issued 20,000 ordinary shares for 12 per share cash. 3. March 1 A 3-for-1 share split was declared 4. Aprill A 15% share dividend was declared and issued. 5. July 1 10,000 share was purchased for treasury at 10 per share