The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2017 is as follows: Stockholders' Equity Common stock. $5 par value; authorized, 2,000,000 shares; issued, 400,000 shares $2,000,000 Paid-in capital in excess of par 854,000 Retained earnings 3,080,000 $5,934,000 The following events accurred during 2018: 1. Jan.5 29,000 shares of authorized and unissued common stock were sold for $9 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 $12 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 elther a negative sign preceding the number eg, -45 or parentheses eg. (45). Do not leave any answ field blank. Enter for amounts.) No. of Shares Issued Common Stock Total Par Value Paid-in Capital in Excess of Par Retained Earnings Item Beginning Balance-1/1/18 Event #1-Jan.5 Balance Event #2-Jan. 16 Balance Event #3-Feb. 10 Beginning Balance-1/1/18 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 e Textbook and Media Save for Later Attempts: 0 of 1 used Submit