Upon submitting its corporate charter to the state, Prentice Corporation was granted permission to issue 100,000 shares of $2.00 par value common stock. Net income for the year was $1,600,000. In addition, the following transactions took place during the year: January 2: Investors paid the company $20 each for 4,000 shares of common stock March 12: Prentice repurchased 960 shares of its own common stock for $26 per share October 31: Prentice declared a 3for1 forward stock split As of December 31, how many shares are issued, and how many shares are outstanding? Issued, 4,000; Outstanding, 3,040 Issued, 12,000; Outstanding, 9,120 Issued, 9,120; Outstanding, 12,000 Issued, 12,000; Outstanding, 12,000