On June 30, 2017, Rangers, Inc showed the following data on the equity section of their balance sheet

Stockholders' Equity
Common Stock, $1 par; 197,000 shares authorized,146,000 shares issued and outstanding $146,000
Paid-In Capital in Excess of Par-Common $263,000
Retained Earnings 958,000
Total Stockholder's Equity $1,367,000

On July 1, 2017, the company declared and distributed a 10% stock dividend. The market value of the stock at that time was $15 per share. Following this transaction, what is the number of shares issued?
A) 86,500
B) 297,300
C) 160,600
D) 146,000

C .C) Calculations: (146,000 x 10%) + 146,000 = 160,600 shares