Jindal and Company purchased a machine from High Life Machine Limited for $\text{Rs. }3,80,000$. As per purchase agreement, $\text{Rs. }20,000$ were paid in cash and balance by issue of shares of $\text{Rs. }100$ each. Find the number of shares issued, if they are issued at par:

1. A
   $3000\text{ Shares}$
2. B
   $3500\text{ Shares}$
3. C
   $3600\text{ Shares}$
4. D
   $3200\text{ Shares}$