Treasury Stock:

Treasury Stock: 47,000 shares purchased at $17 per share

If Western Sales purchases and additional 8,000 shares of treasury stock at $20 per share what number of shares will be shown as issued and outstanding?

A. 185000 issued; 185,000 outstanding

B. 232,000 issued; 185,000 outstanding

C. 232,000 issued; 177,000 outstanding