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

Shareholders' Equity
Class A common stock, $0.02 par value; 20,000,000 shares authorized;
6,100,000 shares issued	$122,000
Additional paid-in-capital	236,254,000
Retained earnings	28,540,000
Currency translation adjustment	(4,824,000)
Total equity	$260,092,000

The following events occurred sequentially during the year:

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

Required

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

Answer

2. What is the par value per share of the Class A common stock following the above events? Round to the nearest three decimal places.

$Answer

3. Prepare a spreadsheet to illustrate the financial effects associated with the above three share transactions.

Use a negative sign with answers to indicate a reduction in an account balance and with treasury stock repurchase and balance.

Wilson Industries
Transaction	Stock Split	Stock Dividend	Share Repurchase	Balance Sheet Totals
Assets
Cash	$Answer	$Answer	$Answer	$Answer
Shareholders' Equity
Common stock	Answer	Answer	Answer	Answer
APIC	Answer	Answer	Answer	Answer
Retained earnings	Answer	Answer	Answer	Answer
Treasury stock	Answer	Answer	Answer	Answer
Total Shareholders' Equity				$Answer

4. Calculate the total value of shareholders' equity following the above events.

$Answer