The stockholders' equity section of the balance sheet of Caesar Corporation at December 31, Year 2 appears as follows. The company engaged in no treasury stock transactions prior to Year 2.

Stockholders' Equity
$2 preferred stock, $100 par, 10,000 shares authorized, 8,000 shares issued $800,000	$ 800,000
Common stock, $2 par, 100,000 shares authorized, 75,000 shares issued, 5,000 are held in the treasury 150,000	150,000
Additional Paid-in Capital:
From issuance of preferred stock	80,000
From issuance of common stock	225,000
From treasury stock transactions	8,000
From common stock dividends	26,000
Total paid-in capital	$ 1,289,000
Retained earnings ($40,000 equal to cost of treasury stock is not available for dividends)	500,000
	$ 1,789,000
Less treasury stock (at cost: 5,000 common shares)	(40,000)
Total Stockholders' equity	$ 1,749,000

How many shares of common stock are outstanding?

Multiple Choice

• 100,000

• 95,000

• 75,000

• 70,000