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Question 1: Dorado Company is authorized to issue 1,000,000 shares of common stock. They issued 400,000 shares of $5 par value stock for $18 per share. They repurchased 100,000 shares at $20 per share and reissued 20,000 of the Treasury shares at $22 per share. Assuming no shares were retired, what is the number of shares outstanding?
Option 1: 900,000 shares
Option 2: Cannot be determined based on the information given
Option 3: 300,000 shares
Option 4: 380,000 shares
Option 5: 320,000 shares
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