The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2025 is as follows:

Stockholders' Equity

Common stock, $5 par value; authorized, 2,000,000 shares;

issued, 600,000 shares $3,000,000

Paid-in capital in excess of par 850,000

Retained earnings 4,500,000

$8,350,000

The following events occurred during 2026:

1. Jan. 5 45,000 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 60,000 shares of authorized and unissued common stock were sold for $12 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.

Instructions

Record the journal entries for the events listed above. If no journal entry is required, record NO ENTRY.