Blimie corporation was organized on january 3 2012 blimie

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Blimie Corporation was organized on January 3, 2012. Blimie was authorized to issue 50,000 shares of common stock with par value of $10 per shate. On January 4, Blimie issued 30,000 shares of common stock at $25 per share. On July 15, Blimie issued an additional 10,000 shares at $20 per share. Blimie reported income of $33,000 during 2012. In addition, Blimie declared a dividend of $.50 per share on December 31, 2012.

Reference no: EM13586759

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