The stockholders' equity section of Blue Spruce Corporation at December 31 is as follows. BLUE SPRUCE CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, 10,000 shares authorized, 5,000 shares issued and outstanding $250,000 Common stock, no par, 750,000 shares authorized, 255,000 shares issued 1,530,000 Total paid-in capital 1,780,000 Retained earnings 2,095,000 Total paid-in capital and retained earnings 3,875,000 Less: Treasury stock (5,400 common shares) (69,000) Total stockholders' equity $3,806,000 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Outstanding shares shares