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, $0.06 par value; 20,000,000 shares authorized; 6,100,000 shares issued $366,000 Additional paid-in-capital 708,762,000 Retained earnings 85,620,000 Currency translation adjustment (14,472,000) Total equity $780,276,000 The following events occurred sequentially during the year: A 2-for-1 forward stock split was executed. A ten percent stock dividend was distributed when the Wilson share price was $120 per share. Treasury stock valued at $18,000,000 was repurchased when the Wilson share price was $100 per share. Required 1. How many Class A common shares are outstanding following the above events? Answer 6,100,000 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 0 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 0 $Answer 0 $Answer 0 $Answer 0 Shareholders' Equity Common stock Answer 0 Answer 0 Answer 0 Answer 0 APIC Answer 0 Answer 0 Answer 0 Answer 0 Retained earnings Answer 0 Answer 0 Answer 0 Answer 0 Treasury stock Answer 0 Answer 0 Answer 0 Answer 0 Total Shareholders' Equity $Answer 0 4. Calculate the total value of shareholders' equity following the above events. $Answer 0