The information in the uploaded images pertains to the calculation of the number of issued and outstanding shares for ABC Corp. as of December 31, 2014.

Key Events from 2014:

1. January 1, 2014:

   • Issued shares = 100,000
   • Treasury shares = 5,000 shares at cost
   • Outstanding shares = Issued shares - Treasury shares = 100,000 - 5,000 = 95,000

2. May 1, 2014:

   • 1,000 treasury shares were sold, so the treasury shares reduce by 1,000.
   • New outstanding shares = 95,000 + 1,000 = 96,000

3. July 9, 2014:

   • 10,000 unissued shares were sold for P12 each.
   • New issued shares = 100,000 + 10,000 = 110,000
   • Outstanding shares = 96,000 + 10,000 = 106,000

4. October 15, 2014:

   • A 2-for-1 stock split occurred. This doubles both the issued and outstanding shares.
   • Issued shares = 110,000 × 2 = 220,000
   • Outstanding shares = 106,000 × 2 = 212,000

Final Answer:

• Issued shares as of December 31, 2014 = 220,000
• Outstanding shares as of December 31, 2014 = 212,000

Therefore, the correct answer is (b) 220,000 and 212,000.

Would you like further clarification or more details about the calculation?

Here are 5 related questions you could explore:

1. How does a stock split affect the earnings per share (EPS)?
2. What is the impact of treasury stock transactions on the outstanding share count?
3. How do unissued shares influence the total equity of a corporation?
4. What is the difference between issued shares and outstanding shares?
5. How is the sale of treasury shares recorded in financial statements?

Tip: Keep track of both issued and outstanding shares, as they can significantly impact earnings per share and other key financial ratios.