Accounting for Shares

Kress Products' corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. At the beginning of 2013, Kress sold 318,000 shares and reacquired 4,500 of those shares. The reacquired shares were held as treasury stock. During 2013, Kress sold an additional 24,350 shares and purchased 8,200 more treasury shares.

Required:

Determine the number of issued and outstanding shares at December 31, 2013.

Issued shares	shares
Outstanding shares	shares