Whispering 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 Whispering issued any potentially dilutive securities. Listed below is a summary of Whispering's common stock activities. Whispering 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 Whispering issued any potentially dilutive securities. Listed below is a summary of Whispering's common stock activities