The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2014 is as follows:

Stockholders' Equity Common stock, $5 par value; authorized, 1,500,000 shares; issued, 300,000 shares $1,500,000

Paid-in capital in excess of par 840,000

Retained earnings 3,060,000 $5,400,000

The following events occurred during 2015:

1. Jan. 5 32,000 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 stock-holders of record on February 5.

3. Feb. 10 40,000 shares of authorized and unissued common stock were sold for $13 per share.

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

5. 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. 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 September 1 to stockholders of record on August 21.

Enter the above events into the following work sheet showing how each event affects the column. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not leave any answer field blank. Enter 0 for amounts.)

Common Stock

Item No. of Shares Issued Total Par Value Paid-in Capital in Excess of Par Retained Earnings

Beginning Balance-1/1/13 $ $ $

Event #1-Jan. 5

Balance $ $ $

Event # 2-Jan. 16

Balance $ $ $

Event #3-Feb. 10

Balance $ $ $

Event #4-March 1

Balance $ $ $

Event #5-April 1

Balance $ $ $

Event #6-July 1

Balance $ $ $

Event #7-Aug. 1

Balance $ $ $