As of December 31, 2016:

As of December 31, 2016:

• Capital Stock, $1,000,000 ($1 par)
• Paid-In Capital in Excess of Par Value—Common, $4,000,000
• Retained Earnings Balance on January 1, 2016, $400,000
• Retained Earnings Balance on December 31, 2016, $300,000
• Dividends declared and paid in 2016: $1,100,000

How many shares of stock are issued and outstanding?