A company has an issued sham capital of 100 000 ordinary shares of $1 each. On 1 June, the company makes a bonus issue of one ordinary share for every four shares held. On 1 September, the company makes a rights issue of one ordinary share for every five shares held at $1.20. The rights issue is fully subscribed. What is the issued share capital of the company as a result of the bonus issue and the rights issue?

A. $120,000

B. $125,000

C. $150,000

D. $155,000