In Year 1, Stock to the Hand, Inc., issued 50,000 shares of the 400,000 shares of $0.30 par value common stock it is allowed to sell. The total received from issuing its common stock is $500,000. Stock to the Hand bought back 5,000 shares of its stock at a cost of $15 each. Stock to the Hand declared and paid a $0.40 per share dividend to its common shareholders. What is the number of shares outstanding?