Crespo Company is authorized to issue 2,000,000 shares of common stock. They issued 500,000 shares of $5 par value stock for $20 per share. They repurchased 100,000 shares at $25 per share. Assuming no shares were retired, what is the number of shares issued?

a. 1,900,000 shares

b. 500,000 shares

c. Cannot be determined based on the information given

d. 400,000 shares

e. 2,000,000 shares