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Gogalor Co. was incorporated on January 1, 2020. Upon inspection of its stock and transfer book, the following transactions affecting its shares were noted January

Gogalor Co. was incorporated on January 1, 2020. Upon inspection of its stock and transfer book, the following transactions affecting its shares were noted

January 1

No. of shares authorized

150,000

January 31

Issued shares for cash

60,000

March 15

Issued shares for land

30,000

August 10

Reacquired shares but not retired

15,000

December 30

Five-for-one share split

On December 31, 2020, what is the number of shares outstanding?

Group of answer choices

225,000

255,000

375,000

435,000

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