Beck Corp. issued 200,000 shares of common stock when it began operations in 2009 and issued an additional 100,000 shares in 2010.
Beck also issued preferred stock convertible to 100,000 shares of common stock. In 2011, Beck purchased 75,000 shares of its common stock and held it in Treasury. At December 31, 2011, how many shares of Beck's common stock were outstanding?