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Pomeranian Design is being acquired by Moonglow Lighting for $ 1 1 0 , 0 0 0 worth of Moonglow Lighting stock. Pomeranian Design has

Pomeranian Design is being acquired by Moonglow Lighting for $110,000 worth of Moonglow Lighting stock. Pomeranian Design has 5,100 shares outstanding at a price of $21 per share. Moonglow Lighting has 7,900 shares outstanding at market price of $48 a share. The incremental value of the acquisition is $3,600. How many shares will the acquirer have outstanding after the new shares are issued to Pomeranian Design shareholders?
7,900 shares
10,192 shares
2,292 shares
7,392 shares
13,000 shares
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