Stock Dividend The Stockholders' Equity section of Benton Coporation's Balance Sheet as of December 31, 2014 is as follows: Stockholder's Equity Common stock, $5 par value; authorized 2,000,000 shares; issued 400,000 shares $2,000,000 Paid-in Capital in excess of par 850,000 Retained Earnings 3,000,000 $ 5,850,000 The following events occurred during 2015: 1. Jan 5 30,000 shares of authorized and unissued common stock were sold for $8 per share. 2. Jan 16 Declared a cash dividend of 20 cents per share, payable Feb 15 to stock-holders of record on Feb 5. 3. Feb 10 40,000 shares of authorized and unissued common stock were sold for $12 per share. 4. Mar 1 A 30% stock dividend was declared and issued. Fair Value per share is currently $15. 5. Apr 1 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. 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 Sept 1 to stockholders of record on Aug 21. Enter the above events into the following work sheet showing how each event affects the column. Event No.1 will serve as an example. Do the rest 2-7

Item	No. of Shares Issued	Total Par Value	Paid-in Capital in Excess of Par	Retained Earnings
Beg Bal 1/1/13	400,000	$2,000,000	$850,000	$3,000,000
Event 1 Jan 5	30,000	150,000	90,000	-0-
Balance	430,000	$2,150,000	$940,000	$3,000,000