- / 10 The corporate charter of Sheffield Corp. allows the issuance of a maximum of 4,200.000 shares of $1 par value common stock During its first three years of operation, George Issued 2,600,000 shares at $14 per share. It later acquired 84,000 of these shares as treasury stock for $23 per share. Based on the above information, answer the following questions: (a) How many shares were authorized? Authorised shares shares Save for Later Attempts:0 of 1 used Submit