A corporation is preparing a registration statement for a new issue offering consisting of 300,000 new shares and 200,000 existing shares held by officers. The Public Offering Price is $30 per share. The spread taken by the underwriters is $2 per share. Which of the following will be changed as a result of the offering?
I Net working capital
II The number of outstanding shares
III Retained earnings (earned surplus)
IV Net worth
Answer: I, II, and IV