The stockholders' equity section of the balance sheet of Crammond Corporation at December 31, appears as follows:

Stockholders' Equity
$3 preferred stock, $100 par, 10,000 shares authorized	$	700,000
Common stock, $2 par, 100,000 shares authorized		150,000
Additional Paid-in Capital:
From issuance of preferred stock		180,000
From issuance of common stock		725,000
Total paid-in capital		1,755,000
Retained earnings		850,000
Total Stockholders' equity	$	2,605,000

How many shares of common stock are outstanding?

Multiple Choice

• 100,000

• 80,000

• 75,000

• 110,000