$4.$ Use the incomplete stockholders' equity section of Box Company$$s balance sheet as of December $31,2016,$ to answer

the following question.

Common stock, $$7$ par, $100,000$ shares authorized $ $700,000$

Additional paid$-$in capital$$common $160,000$

Retained earnings $?$

Treasury stock $(2,000$ shares at cost$)(16,000)$

Total stockholders' equity $974,000$

How many shares of common stock are outstanding?

a$.100,000$

b$.98,000$

c$.78,000$

d$.68,000$