The equity section of Allen Corporation's statement of financial position is presented below.

Preferred stock ($100 par value) $8,000,000

Common stock ($5 par value) 5,000,000

Paid-in capital in excess of par 12,000,000

Retained earnings 6,000,000

Total equity $31,000,000

The common shareholders of Allen Corporation have preemptive rights. If Allen Corporation issues 200,000 additional shares of common stock at $6 per share, a current holder of 10,000 shares of Allen Corporation's common stock must be given the option to buy

A)2,000 additional shares.

B)500 additional shares.

C)1,667 additional shares.

D)2,400 additional shares.