Use the incomplete stockholders' equity section of Box Company's balance sheet as of December 31, 2015, to answer the following question.

Common stock, $7 par, 100,000 shares authorized	$700,000
Additional paid-in capital--common	160,000
Retained earnings	?
Treasury stock (2,000 shares at cost)	(16,000)
Total stockholders' equity How many shares of common stock are outstanding?	974,000

a. 78,000

b. 68,000

c. 100,000

d. 98,000