The balance sheet for Crutcher Corporation reported 160,000 shares outstanding, 260,000 shares authorized, and 16,000 shares in treasury stock. Compute the maximum number of new shares that Crutcher could issue.

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million