The stockholders equity section of benton corporations balance sheet as of december 31, 2014 is as follows: stockholders equitypreferred stock, $5 par value, authorized-15000 shares, issued-4000 $4common stock, $5 par value; authorized, 5,000,000 shares; issued - 400,000 $2paid in capital in excess of ,000retained ,000,000 $625the following event occurred during 2013: 1. jan 5: 30,000 shares of authorized and unissued common stock were sold $8 per share2. jan 16: declared a cash dividend of 20 cents per share, payable february 15 to stockholders of record on february 5.3. feb 10: 40,000 shares of authorized and unissued common stock were sold for $12 per share.4. feb 22: 5000 shares of authorized and unissued preferred stock were sold for $105 per share5. march 1: a 30% stock dividend was declared and issued. fair value per share is currently $15.6. april 1: a two-for-one stock 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.7. july 1: a 15% stock dividend was declared and issued. fair value is currently $10 per share.8. oct 5: issued 8 shares of common stock in exchange for a tract of land. the stock is actively traded and has a current market price of $20 per share.9.purchased 2 shares of the companys own stock at a cost of $4 per share10.nov 15: a cash dividend of 20 cents per share was declared, payable september 1 to stockholders of record on nov. 30, payable january 1 2016.11. sold 1 shares of the common stock from the treasury at a price of $6 per share12. the annual preferred stock dividend was declared payable january 1 201613.sold 5000 shares of the common stock from the treasury at a price of $3 per shareinstructions: prepare journal entries for the year 2015 and prepare a comprehensive stockholders equity secti i n on the balance sheet