Mexico, Inc reported Net Income as follows for Year A, Year B, and Year C.

Year A Year B Year C

$90,000 $120,000 $75,000

The company experienced changes in the number of outstanding terms from these events:

On January 1 Year A, the company had 25,000 shares outstanding.

Year A

March 31 Bought Treasury Stock 5,000

June 30 Sold the Treasury Stock 5000

August 31 Sold New Shares of the Common Stock 8,000

Oct 31 Issued a 15% stock dividend

Year B

June 30 Sold New Shares of the Common Stock 9,000

Oct 31 Bought Treasury Shares 5,000

Year C

Jan 31 Issued New Shares of Common Stock 4,000

April 30 Bought Treasury Shares 6,000

August 31 4 for 1 Stock Split