Shipping Unlimited, Inc., reported the following information on the financial statements included with its 2011 annual report:

Were any new shares of common stock issued during the year ended June 30, 2011? Did the company report net income for the year ended June 30, 2011? Explain how youknow.

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(dollars in thousands) Common stock, par value $0.02 Authorized: 200,000 shares; Issued June 30, 2011 June 30, 2010 95,000 shares at June 30, 2011; 95,000 shares at June 30, 2010 85,000 shares at June 30, 2011; 75,000 shares at June 30, 2010 $2 $2 Outstanding: Additional paid-in capital Retained earnings 205,015 835,880 195,820 705,970