The following data is available for Potter, Inc. at December 31: Common Stock, par value $10, $700,000 (authorized 200,000 shares; issued 70,000 shares) Treasury Stock $60,000 (3,000 treasury shares at cost of $20 per share) Based on the above data, how many shares of common stock are outstanding? 70,000. 197,000. 200,000 67,000