Webb Company owns 90% of Jones Company. The original balances presented for Jones and Webb as of January 1, 2011, are as follows: Jones sells 20,000 shares of previously unissued shares of its common stock to outside parties for $10 per share. What is the new percent ownership of Webb in Jones after the stock issuance? Please provide detailed calculation. A. 75%. B. 90%. C. 80%. D. 64%. E. 60%. A. 75%. Solution.