please answer correct with detailed explanation

16. At the beginning of the year, the Lincoln Logging Company had 10,000 shares of $1 par value common stock outstanding. During the year, it engaged in the following transactions related to its common stock, so that at year end, it had 32,600 shares outstanding: March 30Issued 2,300 shares of common stock June 1 - Repurchased 3,100 shares of common stock October 31 - Issued a 3 for 1 stock split, reducing the par value to $0.33/share December 1 - Issued 5,000 shares of common stock Compute the Lincoln Logging Company's weighted average common shares outstanding. A. 25,858 B. 26,514 C. 27,600 D. 30,167 E. 32,600