At December 31, 20x7, Tobi Inc. had 281763 common shares outstanding. During the year 20x7, the company completed the following transactions: February 1, 20x7 Issued 25981 common shares for cash of $45,000 July 30, 20x7 Declared a 2-for-1 stock split October 1, 20x7 Retired 3813 common shares for $12,500 How many common shares were outstanding at the beginning of the year 20x7? Select one: O a. 545171 O b. 259595 O c. 116807 O d. 164956 Check