Common and Preferred Stock was issued in a single transaction for $1,000,000. There were 80,000 shares of $1 par value common stock issued (market value was $10 per share) and 9,000 shares of $10 par value preferred stock issued (market value of $50 per share). How much of the $1,000,000 will be recorded as Common Stock? (use whole dollars without rounding intermediate calculations, do not include dollar signs)