Classify stock. (LO 1)

Delta Corporation's corporate charter authorizes the company to sell \(450,000,000\) shares of \(\$ 1.50\) par common stock. As of December 31, 2006, the company had issued 180,915,000 shares for an average price of \(\$ 4\) each. Delta has \(57,000,000\) shares of treasury stock. How many shares of common stock will be disclosed as authorized, issued, and outstanding on the December 31, 2006, balance sheet?