Wildshape in Pathfinder is kinda weird... So Leif normally has...

20 AC and 18 Str, 14 Dex, 14 Con.

When she uses wildshape to turn into a wolf she gains +2 strength and +2 natural armour but she loses her +2 armour bonus from the bracers so her stats become...

20 AC and 20 Str, 14 Dex, 14 Con.

When she hits 6th level she'll be able to wildshape into a large wolf, at which point she gains +4 natural armour and still loses her +2 armour bonus from the bracers but loses another 1 AC due to the dexterity penalty so her stats become...

21 AC and 22 Str, 12 Dex, 14 Con.