Gleason Corporation has authorized 40,000 shares of $10 par value common stock. The following events occurred during the year.

1.	Issued 16,000 shares of the common stock for $12 per share.
2.	Purchased back 2,000 shares of the common stock for $14 per share.
3.	Reissued 600 of the 2,000 shares (from event 2) at a price of $15 per share.

How many shares of common stock will Gleason Corporation show as issued and outstanding after these events are recorded?

A. 16,000 shares issued; 16,000 shares outstanding

B. 16,000 shares issued; 14,600 shares outstanding

C. 14,600 shares issued; 14,600 shares outstanding

D. 14,600 shares issued; 16,000 shares outstanding