X Company acquired 100 percent of Y Company's outstanding common stock for cash. Selected balance sheet data at December 31, 2009, are as follows: X Y Liabilities $144,000 $72,000 Common Stock $120,000 $60,000 Retained $240,000 $84,000 Earnings Total $504,000 $216,000 Based on the preceding information, what amount will X Company report as common stock outstanding in its consolidated balance sheet at December 31, 2009? O a. $120,000 O b. $156,000 O c. $180,000 d. $264,000