Mission Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share.

Common Stock, $5 par, 191,000 shares authorized, 158,000 shares issued and outstanding $790,000

Paid-In Capital in Excess of ParCommon 122,000

Retained Earnings 292,000

Total Stockholders' Equity $1,204,000

Before the declaration and distribution of a 18% stock dividend, what is the total number of common shares issued?

a) 186,440 shares b) 158,000 shares c) 69,200 shares d) 36,000 shares