The data of Damp Corporation is shown as of December 31, 2022:

Common stock, par $10 (authorized 100,000 shares): $500,000

Treasury stock (at cost $12 per share): $1,200

Based on the information, how many shares of common stock are outstanding?

a. 22,782

b. 50,100

c. 30,000

d. 50,000

e. 49,900