The Stockholder's Equity accounts of a corporation on January 1, 2022, were as follows: Preferred Stock (5%, $10 par, cumulative, 5,000 shares authorized) Common Stock ($5 par, 500,000 shares authorized) Additional Paid in Capital - Preferred Additional Paid in Capital - Common Retained Earnings $28,000 600,000 164,640 1,776,000 685,600 During 2022, the corporation had the following transactions and events relating to its Stockholders Equity: Jan. 2 Purchased 2,000 shares of its own common stock to add to the Treasury at a cost of $43,000. Feb. 21 Issued 8,000 shares of common stock in exchange for a building. On the date of the exchange, the FMV of the building was $169,600 and the stock was trading at $20.25 per share. Mar. 21 Sold 800 shares of treasury stock - common for $24 per share. Nov. 14 Issued 400 shares of preferred stock for $28,800. Dec. 31 Determined that net income for the year was $180,800. Dividends were declared and paid during December. These dividends included a $0.20 per share dividend to common stockholders of record as of December 20. There are no dividends in arrears. How many shares of common stock are outstanding as of December 31, 2022? Select one: a. 405,200 b. 128,000 c. 406,400 d. 126,800 e. 374,400