Account balances of Machado Co. at August 31, 20X6 are as follows: $ 12,500 Cash 111,000 Dividends Payable.. Preference Shares, $150 par. 640,000 375,000 Ordinary Shares, $5 par 60,000 Retained Earnings . Paid-in Capital in Excess of Par-Ordinary Shares 325,000 How many ordinary shares has Machado issued? A. 700,000 B. 375,000 C. 128,000 D. Some other amount