On December $31,2023,$ Dow Syeel Corporation had $770,000$ shares of common stock and $39,000$ shares of $9k,$ noncumulative, noncomvtithle preforred lnsck issued and outatanding:

Dow issued a $5\%$ common shock dividend on Mry $15$ and paid cash dividends of $$570\mathrm{.}000$ and $585\mathrm{.}000$ to common and preferred shareholiders, respectively. on December $45,2024.$

On Febnusry $28,2024,$ Dow sold $68,000$ common shares.

In keeping with its long$-$teom share repurchase plan, $4,000$ shares were retined on July $1.$

Dow's net income for the year ended December $31,2024,$ was $$2\mathrm{.}950\mathrm{.}000.$

The income tax rate is $25\%.$

Alsa, as a part of a $2023$ agreemene for the acquisilion of Merre Cable Company, another $35,000$ shares inheady Adjunted for the stock dividend$)$ are to be issued to lormer Memill shareholders on December $3$t$,2025,$ it Mernils $2025$ niet income is ot least $$670\mathrm{.}000.$

In $2024,$ Merrir's net income was $$800\mathrm{.}000.$

As part of an incemtive compensetion plan, Dow grantied incertive stock aptions to division managers on Decermber $31$ of the current and each of the previous two years.

Each option permits its holder to buy one share of common stock at an exercise price equal to market value at the date of grant and can be exercised one year foum that date.

Information conceening the number of options granted and common share prices follows:

The marhet price of the common stock averaped $548$ per share during $2024$

On July $12,2022,$ Dow lissued $5900,000$ of convertible $8$ x bonds at foce vilue.

Each $$1000$ bond is comvertble into $40$ common shaves $($adjusted for the shock dividend$).$