An entity authorized 500,000 shares of common stock. At January 1, year 2, the entity had 110,000 shares of common stock issued and 100,000 shares of common stock outstanding. The entity had the following transactions in year 2: March 1 Issued 15,000 shares of common stock June 1 Resold 2,500 shares of treasury stock September 1 Completed a 2-for-1 common stock split What is the total number of shares of common stock that the entity has outstanding at the end of year 2