Harvey Corporation shows the following in the shareholders' equity section of its statement of financial position: The stated value of its common shares is \(\$ 0.25\) and the total balance in the common shares account is \(\$ 50,000\). Also noted is that 15,000 shares are currently designated as being repurchased but not yet cancelled. The number of shares outstanding is:

a. 215,000

b. 200,000

c. 196,250

d. 185,000