The following is the Shareholders Equity section of the Balance of ABC, Inc.:

ABC, Inc. Shareholders' Equity As of December 31, 2022
Paid-in capital:
Common stock, voting, 1,000,000 shares authorized; 400,000 shares issued at $1.00 par value	$400,000
Paid-in capital in excess of par	300,000
Less: Treasury stock, 30,000 shares at cost	(30,000)
Retained Earnings	$150,000
Total shareholders equity	$820,000

Question: How many shares are issued and outstanding as of December 31, 2022?

Multiple Choice

$370,000

400,000

700,000

1,000,000

None of the other choices are correct.