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1 . On January 1 , the company was formed, and was authorized to issue 4 0 0 , 0 0 0 shares of $

1. On January 1, the company was formed, and was authorized to issue 400,000 shares of $6 par value common stock.
2. On January 2,220,000 shares were issued for $24 per share.
3. On March 31, NewCo issued a 3:2 stock split, in the form of a 50% stock dividend, when the shares were valued at $26 per share.

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