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, 1,700,000 shares; issued, 340,000 shares	$1,700,000
Paid-in capital in excess of par	842,000
Retained earnings	2,950,000
$5,492,000

The following events occurred during 2015:

1.	Jan. 5	29,000 shares of authorized and unissued common stock were sold for $7 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 $11 per share.
4.	March 1	A 30% stock dividend was declared and issued. Fair value per share is currently $16.
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		$	$	$

COMMON STOCK ITEM BEGINNING BALANCE 1/1/13 EVENT #1 JAN 5 BALANCE EVENT #2 JAN 16 BALANCE EVENT #3 FEB 10 BALANCE EVENT #4 MAR 1 BALANCE EVENT #5 APR 1 BALANCE EVENT #6 JUL 1 BALANCE EVENT #7 AUG 1 BALANCE NO. OF SHARES ISSUED TOTAL PAR VALUE PAID IN CAPITAL IN EXCESS OF PAR RETAINED EARNINGS Common Stock No. of Total Shares Issued Par Value Item 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 340000 29000 369000 0 369000 40000 409000 122700 531700 531700 1063400 159510 1222910 0 1222910 1700000 145000 1845000 0 1845000 200000 2045000 613500 2658500 0 2658500 398775 3057275 0 3057275 Paid-in Capital in Retained Excess of Par Earnings 842000 58000 900000 0 900000 240000 1140000 0 1140000 0 1140000 1196325 2336325 0 2336325 2950000 0 2950000 -73800 2876200 0 2876200 -613500 2262700 0 2262700 -1595100 667600 -233712 433888 SOLUTION No. of shares issued Beginning balance - 1/1/15 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 340,000 29,000 369,000 369,000 40,000 409,000 122,700 531,700 531,700 1,063,400 159,510 1,222,910 1,222,910 Common Stock Paid-in capital in Total Par Value excess of par $1,700,000 $145,000 $1,845,000 $0 $1,845,000 $200,000 $2,045,000 $613,500 $2,658,500 $0 $2,658,500 $398,775 $3,057,275 $0 $3,057,275 $842,000 $58,000 $900,000 $0 $900,000 $240,000 $1,140,000 $0 $1,140,000 $0 $1,140,000 $1,196,325 $2,336,325 $0 $2,336,325 Retained Earnings $2,950,000 $0 $2,950,000 ($73,800) $2,876,200 $0 $2,876,200 ($613,500) $2,262,700 $0 $2,262,700 ($1,595,100) $667,600 ($244,582) $423,018