At January 1, 2013, Leblanc Corporation Had the Following Shareholders

Multiple Choice

At January 1, 2013, Leblanc Corporation had the following shareholders' equity: On March 12, 2013, when the common shares have a market value of $18, the board of directors declared and paid a 10% common stock dividend. On July 31, 2013, the board declared a 2-for-1 stock split on the common shares. During the year, the company paid cash dividends of $80,000 and reported profit of $435,000.
-The number of common shares issued at December 31, 2013 is

A) 55,000.
B) 2,000,000.
C) 100,000.
D) 110,000.