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

Shareholders Equity
Class A common stock, $0.01 par value; 20,000,000 shares authorized;
6,100,000 shares issued	$61,000
Additional paid-in-capital	118,127,000
Retained earnings	14,270,000
Currency translation adjustment	(2,412,000)
Total equity	$130,046,000

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 CompX share price was $20 per share.

Treasury stock valued at $3,000,000 was repurchased when the CompX share price was $15 per share.

Required

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

2. Prepare a spreadsheet to illustrate the financial effects associated with the above three share transactions. Round answers to nearest whole number.

CompX International
Transaction	Stock Split	Stock Dividend	Share Repurchase	Balance Sheet Totals
Assets
Cash
Shareholders Equity
Common stock
APIC
Retained earnings
Treasury stock
Total Shareholders Equity