On December 31 of the current year, Remlinger Corp.'s board of directors canceled 50,000 shares of $2.60 stock held in treasury at an average cost of $13 per share. Before recording the cancelation of the treasury stock, Remlinger had the following balances in its equity accounts:

Common stock $530,000

Additional paid-in capital $750,000

Retained earnings $900,000

Treasury stock, at cost $650,000

In its balance sheet at December 31 of the current year, Remlinger should report common stock outstanding of?