E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 Skip to question [The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 208,000 shares of common stock. Since the company was incorporated, it has sold a total of 158,000 shares (at $16 per share) to the public. It has bought back a total of 10,000. The par value of the stock is $4. When the stock was bought back from the public, the market price was $28. E11-2 Part 3 3. Determine the outstanding shares.