Accounting for Shares

Waterport Sales' corporate charter authorized the firm to sell $800,000$ shares of $$10$ par common stock. Waterport sold $239,600$ shares and reacquired $1,650$ of those shares. The reacquired shares were held as treasury stock. Later Waterport sold an additional $16,300$ shares and purchased $3,100$ more treasury shares.

Required:

Determine the number of issued and outstanding shares.

Issued shares $$ shares

Outstanding shares $$ shares