At January 1, 2021, Bergeron Corporation had the following shareholders' equity: Share capital

$1 Preferred shares, noncumulative,

25,000 shares authorized, 8,000 shares issued

$160,000

Common shares, 1,000,000 shares authorized,

50,000 shares issued

750,000

910,000

Retained Earnings

425,000

Total Shareholders' Equity

$1,335,000

On March 12, 2021, 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, 2021, 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, 2021 is

Select one:

A.

100,000.

B.

2,000,000.

C.

55,000.

D.

110,000.