On 1 January 2013, a company's issued share capital consisted of 120,000 ordinary shares of OMR 1. On 1 May 2013, the company issued another 30,000 ordinary shares and on 1 July 2013 the company issued a further 50,000 shares. Both issues were made at full market price. The weighted average number of shares outstanding during the year to 31 December 2013 was:

a) Shares 400,000

b) Shares 165,000

c) Shares 175,000

d) Shares 200,000