Glendale Marine Is Being Acquired by Inland Motors for $53,000

Glendale Marine is being acquired by Inland Motors for $53,000 worth of Inland Motors stock. Inland Motors has 6,200 shares of stock outstanding at a price of $54 a share. Glendale Marine has 1,700 shares outstanding with a market value of $30 a share. The incremental value of the acquisition is $2,600. What is the total number of shares in the new firm?

A) 6,200 shares
B) 7,181 shares
C) 7,229 shares
D) 7,852 shares
E) 7,900 shares