The shareholders' equity section of Superior Corporation's balance sheet as of December 31, 2012, is as follows: Shareholders’ Equity

Preferred stock, $100 par value; authorized, 210,000 shares; issued, 21,000 shares $2,100,000

Common stock, $5 par value; authorized, 1,400,000 shares; issued, 280,000 shares 1,400,000

Paid-in capital in excess of par—preferred 84,000

Paid-in capital in excess of par—common 595,000

Retained earnings 3,800,000 $7,979,000

The following events occurred during 2013:

Jan. 5 10,000 shares of authorized and unissued common stock were sold for $9 per share.

Jan. 16 10,000 shares of authorized and unissued preferred stock were sold for $105 per share.

April 1 90,000 shares of common stock were repurchased for the treasury at a price of $20 per share. Superior uses the cost method to account for treasury stock.

Sept. 1 2,000 shares of preferred stock are issued in exchange for a piece of land. The land has an appraised value of $214,000. The preferred stock currently trades on the New York Stock exchange at a price of $105 per share.

Dec. 1 35,000 shares of treasury stock are reissued at a price of $25 per share.

Calculate the number issued, and outstanding common shares as of December 31, 2013? Calculate Superior's legal capital at December 31, 2013?