Assume the Following Information for Western Sales,Inc

Assume the following information for Western Sales,Inc.: • Common Stock,$1.00 par,232,000 shares issued,185,000 shares outstanding
• Paid-In Capital in Excess of Par-Common: $1,690,000
• Retained Earnings: $2,460,000
• Treasury Stock: 47,000 shares purchased at $17 per share
If Western Sales purchases an additional 8000 shares of treasury stock at $20 per share,what number of shares will be shown as issued and outstanding?

A) 185,000 issued; 185,000 outstanding
B) 224,000 issued; 185,000 outstanding
C) 232,000 issued; 177,000 outstanding
D) 232,000 issued; 185,000 outstanding