The shareholders' equity section of Paxley Corporation's balance sheet as of December 31, 2019 is as follows: Shareholders' Equity Ordinary share capital, $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 2020: Jan. 5 10,000 shares of authorized and unissued ordinary shares were sold for $8 per share. Jan. 16 Declared a cash dividend of 0.20 per share, payable February 15 to shareholders of record on February 5. Feb. 10 20,000 shares of authorized and unissued ordinary shares were sold for $12 per share. March 1 A 30% share dividend was declared and issued. Market value per share is currently $15. April 1 A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Market value on March 31 was $18 per share. July 1 A 15% stock dividend was declared and issued. Market value is currently $10 per share. Aug. 1 A cash dividend of 0.20 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. (Use a negative sign for deductions)