Use the following to answer questions $23-26$

The company was organized on January $3,20xE.$ The firm was authorized to issue $1,000,000,000$ shares of $$1\mathrm{.}00$ par common stock. During $20$XE$,$ the company had the following transactions relating to shareholders' equity:

$\backslash$table$[[,$Per share,Shares,Total$],[$Issued common stock $($January$),$$$20\mathrm{.}00,400,000,],[$Issued common stock $($July$),$$$21\mathrm{.}00,200,000,],[$Outstanding shares,,$590,000,],[$Dividends declared,$$0\mathrm{.}50,,],[$Treasury stock,$$25\mathrm{.}00,,],[$Net income for the year,,,$$450,000$