The equity section of Benton Corporation's statement of financial position as of December 31, 2018 is as follows:

Equity

Share capitalordinary, sh.5 par value; authorized, 2,000,000 shares;

issued, 400,000 sharessh.2, 000,000

Share premiumordinary850,000

Retained earnings3,000,000

sh.5, 850,000

The following events occurred during 2019:

1.Jan.510,000 shares of authorized and unissued ordinary shares were sold for sh.8 per share.

2.Jan. 16Declared a cash dividend of 20 cents per share, payable February 15 to share-holders of record on February 5.

3.Feb. 1020,000 shares of authorized and unissued ordinary shares were sold for sh.12 per share.

4.March 1A 30% share dividend was declared and issued. Fair value per share is currently sh.15.

5.April 1A two-for-one split was carried out. The par value of the shares was to be reduced to sh.2.50 per share. Fair value on March 31 was sh.18 per share.

6.July 1A 15% share dividend was declared and issued. Fair value is currently sh.10 per share.

7.Aug.1A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21.

Required

Enter the above events into the following work sheet showing how each event affects the column. Event No. 1 will serve as an example.

Share CapitalOrdinary

No. ofTotalShare Premium

ItemShares Issued Par Value OrdinaryRetained Earnings

Beginning Balance1/1/2019400,000sh.2, 000,000sh.850, 000sh.3, 000,000

Event #1Jan. 510,00050,00030,000-0-

Balance410,000sh.2, 050,000sh.880, 000sh.3, 000,000

Event # 2Jan. 16 (and events 3 through 7)