I understand that the "number of existing shares" will be 500,000, and "number of new shares" will be 500,000.

KTZFIG Consulting and Sales Inc Post Closing Trial Balance June 30, 2021 Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Inventory Prepaid Insurance Land Building Accumulated Depr - Building Office Equipment Accumulated Depr - Office Equip Computer Equipment Accumulated Depr - Computer Equip Accounts Pavable Utilities Pavable Wages Pavable Short Term Note Payable Lona term Note Pavable Mortgage Payable Common Stock ($1 par, 1,000,000, 198,600 75,580 4,690 56,500 58,596 57,890 160,000 459,600 19,356 785,600 45,600 978,500 32,560 56,560 16,850 58,950 250,000 490,000 506,800 500,000 shares authorized, 500,000 issued and outstandina) The company could issue 500,000 additional shares of $1 par value common stock for $5.20 per share The company will begin paying a dividend to ALL the common shareholders of $0.13 per share and this will continue into the future. Cash Received Annual Cash Required number of existing shares number of new shares total shares at year end market price Dividend rate Dividend period PIC year end PIC> par year end