Required a. Determine the number of Class B Convertible shares that were converted during 2015. Note: Class B common shares can be converted into Class A common shares. b. Explain the effect of the conversion on the Class A Common Stock and Class B Common Stock accounts. c. During the year, Under Armour issued 1,996,000 Class A Common shares. Assume that it received cash proceeds of $19,136 for this issuance. Explain the effect of this issuance on its stockholders' equity accounts. d. During the year, foreign currency translation losses increased by $31,816 and unrealized losses on cash flow hedges (derivatives) decreased by $1,611. (i) Use this information to reconcile the accumulated other comprehensive loss account. (ii) What can you conclude about changes in $US against currencies of countries where Under Armour has subsidiaries? LO2, 6, 7 Under Armour Inc. (UA) P8-50. Analyzing Stockholders' Equity Including AOCI and Convertible Securities Under Armour reported the following stockholders' equity section of the balance sheet for the fiscal year ended December 31, 2015. Stockholders' Equity ($ 000s) 2015 2014 Class A Common Stock, $0.0003 1/3 par value; 400,000,000 shares authorized as of December 31, 2015 and 2014; 181,646,468 shares issued and outstanding as of December 31, 2015 and 177,295,988 shares issued and outstanding as of December 31, 2014....... Class B Convertible Common Stock, $0.0003 1/3 par value; 34,450,000 shares authorized, $ 61 $ 59 59 issued and outstanding as of December 31, 2015 and 36,600,000 shares authorized, issued and outstanding as of December 31, 2014. ...... 11 12 Class C Common Stock, $0.0003 1/3 par value; 400,000,000 shares authorized as of December 31, 2015; 0 shares issued and outstanding as of December 31, 2015.. Additional paid-in capital. Retained earnings. ..... Total stockholders' equity..... Accumulated other comprehensive loss 636,630 508,350 1,076,533 856,687 (45,013) (14,808) $1,668,222 $1,350,300