HiTech Manufacturing Company has 1,000,000 shares of $1 par value capital stock outstanding on January 1. The following equity transactions occurred during the current year:

Apr. 30	Distributed additional shares of capital stock in a 2-for-1 stock split. Market price of stock was $22 per share.
June 1	Declared a cash dividend of $0.86 per share.
July 1	Paid the $0.86 cash dividend to stockholders.
Aug. 1	Declared a 5 percent stock dividend. Market price of stock was $19 per share.
Sept. 10	Issued shares resulting from the 5 percent stock dividend declared on August 1.

a.	Prepare journal entries to record the above transactions.

b.	Compute the number of shares of capital stock outstanding at year-end.