Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,013,000 shares of $12 par common stock. At no time has Newton issued any potentially dilutive securities. Listed below is a summary of Newton Solution Assumption 1. Accouting period includes from april 2013 to march 2014 2.Number of common shares issued and outstanding at December 31, 2012 is same as on 1st april 2013. .