On June 30, 2017, Rangers, Inc. showed the following data on the equity section of their balance sheet:

Stockholders' Equity

Common Stock, $1 par; 197,000 shares authorized, 146,000 shares issued and outstanding $146,000

Paid-In Capital in Excess of Par--Common $263,000

Retained Earnings 958,000

Total Stockholder's Equity $1,367,000

On July 1, 2017, the company declared and distributed a 10% stock dividend. The market value of the stock at that time was $15 per share. Following this transaction, what is the number of shares issued?

A) 297,300

B) 160,600

C) 86,500

D) 146,000