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Suppose a company had 100,000 shares authorized, 60,000 shares issued, and no shares in treasury as...

Suppose a company had 100,000 shares authorized, 60,000 shares issued, and no shares in treasury as of January 1st. If the company had the stock transactions indicated below during the year, how many shares would be outstanding as of December 31st?

• February 15th – repurchased 2,000 shares for treasury

• April 30th – declared a 20% stock dividend

• July 1st – repurchased another 1,000 shares for treasury

• September 30th – declared a 3-for-1 stock split

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