Matty incorporated had 290,000 shares of $4 par value common stock issued an outstanding as of July 15 2025. The company is authorized to issue 800,000 common shares. On July 15 2025, Matty incorporated declared a 30% stock dividend when the market value for Matty incorporated 's common stock was $7.00 per share. The stock was issued on july 30.

Requirements: journalize the declaration and distribution of the stock dividend.

How many shares of common stock are outstanding after the dividend?