Of the 125,000 shares of capital issued by the Vey Company, 25,000 shares were held as treasury at January 1, 2008. During 2008, transactions involving Vey's share capital were as follows:

January 1 through October 31 - 13,000 treasury shares were distributed to officers as part of ashare compensation plan.

November 1 - A 3-for-1 stock split took effect.

December 1- Vey purchased 5,000 of its own shares to discourage an unfriendly takeover. Theseshares were not retired. (V7-33)

______At December 31, 2008, how many shares were issued and outstanding?

IssuedOutstanding

a. 375,000 334,000

b. 375,000 324,000

c. 334,000 334,000

d. 325,000 324,000