Accounting for Share Transactions
The shareholders' equity section of the consolidated balance sheetof Wilson Industries appeared as follows at the beginning of theyear:

Shareholders' Equity
Class A common stock, $0.02 par value; 20,000,000 sharesauthorized;
6,100,000shares issued	$122,000
Additionalpaid-in-capital	236,254,000
Retainedearnings	28,540,000
Currencytranslation adjustment	(4,824,000)
Totalequity	$260,092,000

The following eventsoccurred sequentially during the year:

1. A 2-for-1 forward stock split was executed.
2. A ten percent stock dividend was distributed when the Wilsonshare price was $40 per share.
3. Treasury stock valued at $6,000,000 was repurchased when theWilson share price was $25 per share.

Required

1. How many Class Acommon shares are outstanding following the above events?

Answer

2. What is the parvalue per share of the Class A common stock following the aboveevents? Round to the nearest three decimal places.

$Answer

3. Prepare aspreadsheet to illustrate the financial effects associated with theabove three share transactions.

Use a negative signwith answers to indicate a reduction in an account balance and withtreasury stock repurchase and balance.

WilsonIndustries
Transaction	Stock Split	Stock Dividend	Share Repurchase	Balance Sheet Totals
Assets
Cash	$Answer	$Answer	$Answer	$Answer
Shareholders' Equity
Commonstock	Answer	Answer	Answer	Answer
APIC	Answer	Answer	Answer	Answer
Retainedearnings	Answer	Answer	Answer	Answer
Treasurystock	Answer	Answer	Answer	Answer
Total Shareholders' Equity				$Answer

4. Calculate the totalvalue of shareholders' equity following the above events.

$Answer