Presented below is information related to Schoenthaler Corporation:

Common Stock , $5 par	$1,100,000
Paid-in Capital in Excess of Par Common Stock	400,000
Preferred 5.5% Stock, $100 par	1,500,000
Paid-in Capital in Excess of ParPreferred Stock	500,000
Retained Earnings	2,000,000
Paid-in Capital in Excess of Cost - Treasury Stock	150,000
Treasury stock ($20 at cost)	300,000

How many shares of common stock are outstanding?

		400,000
		315,000
		220,000
		205,000