On June 30, 2018, Padres, Inc On July 1, 2018, the Company Declared and Distributed a on the Equity

On June 30, 2018, Padres, Inc. showed the following data on the equity section of their balance sheet: $$\begin{array} { | l | r | } \hline \text { Stockholders' Equity } & \\\hline \text { Common Stock, } \$ 1 \text { par; } 197,000 \text { shares authorized, } & \\146,000 \text { shares issued and outstanding } & \$ 146,000 \\\hline \text { Paid-In Capital in Excess of Par-Common } & \$ 263,000 \\\hline \text { Retained Earnings } & \$ 58,000 \\\hline \text { Total Stockholders' Equity } & \$ 1,367,000 \\\hline\end{array}$$ On July 1, 2018, the company declared and distributed a 10% stock dividend. The market value of the stock at that time was $15 per share. Following this transaction, what is the number of shares issued?

A) 86,500
B) 297,300
C) 160,600
D) 146,000