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Sarasota Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,320,000 shares of $12 par common stock. At no time
Sarasota Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,320,000 shares of $12 par common stock. At no time has Sarasota issued any potentially dilutive securities. Listed below is a summary of Sarasotas common stock activities.
1. | Number of common shares issued and outstanding at December 31, 2015 | 2,140,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2. | Shares issued as a result of a 12% stock dividend on September 30, 2016 | 256,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3. | Shares issued for cash on March 31, 2017 | 2,030,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of common shares issued and outstanding at December 31, 2017 | 4,426,800 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4. | A 2-for-1 stock split of Sarasotas common stock took place on March 31, 2018
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