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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:

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, $0.04 par value; 20,000,000 shares authorized;
6,100,000 shares issued $244,000
Additional paid-in-capital 472,508,000
Retained earnings 57,080,000
Currency translation adjustment (9,648,000)
Total equity $520,184,000

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 $80 per share.
  3. Treasury stock valued at $12,000,000 was repurchased when the Wilson share price was $75 per share.

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

Answer ????

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