Lanier Tech This Company Was Incorporated as a New Business on January

Multiple Choice

Lanier Tech
This company was incorporated as a new business on January 1, 2019. The company is authorized to issue 50,000 shares of $5 par common stock and 10,000 shares of 6%, $10 par, cumulative, participating preferred stock. On January 1, 2019, the company issued 8,000 shares of the common stock for $15 per share and 2,000 share of the preferred stock for $30 per share. Net income for the year ended December 31, 2019 was $375,000.
-Refer to Lanier Tech. What is the number of the company's unissued shares of common stock at December 31, 2019?

A) 6,000
B) 8,000
C) 40,000
D) 42,000