On June 1, 2023, Oriole Company and Waterway Company merged to form Wildhorse Inc. A total of 725,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. How many shares were issued to each company if the merger was on a 60:40 basis?
a) 435,000 shares to Oriole Company, 290,000 shares to Waterway Company
b) 290,000 shares to Oriole Company, 435,000 shares to Waterway Company
c) 500,000 shares to Oriole Company, 225,000 shares to Waterway Company
d) 225,000 shares to Oriole Company, 500,000 shares to Waterway Company
