The stockholders' equity section of the balance sheet as December 31, 2013 is as follows: Common stock, $1 par value; authorized, 1,000,000 shares; issued, 500,000 shares $500,000. Paid-in capital in excess of par - common stock $1,850,000. Retained earnings $53,000,000. Part A Required: Record the following events that occurred during 2013: Jan 5 - 20,000 shares of authorized and unissued common stock were sold for $15 per share. Jan 16 - Declared a cash dividend of $0.50 per share, payable February 15 to stockholders of record on February 5. Feb 15 - Paid cash dividend. March 10 - 50,000 shares of authorized and unissued common stock were sold for $19 per share. June 1 - A 10% stock dividend was declared, distributable on June 20, to stockholders of record on June 10. Fair value per share is currently $21. June 20 - Distributed stock dividend. July 1 A two-for-one split was carried out. Fair value on March 31 was $23 per share. Sept 1 - A 45% stock dividend was declared, distributable on September 20, to stockholders of record on September 10. Fair value is currently $11 per share. Oct 1 - A cash dividend of $0.20 per share was declared, payable October 31 to stockholders of record on October 15. The announcement for this dividend indicated that the stockholders could consider this dividend to be 25% a return of capital. Nov 1 - Purchased 10,000 shares of treasury stock at $12 per share. Nov 15 - Reissued 3,000 shares of the treasury stock at $13 per share. Nov 30 - Reissued 5,000 shares of the treasury stock at $11 per share. Part B Required: Assume Baker Corporation had net income for 2013 of $6,500,000. Prepare the stockholders' equity section of the balance sheet.