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Exercise 10-56 (Algorithmic) Accounting for Shares Waterport Sales corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. At the beginning

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Exercise 10-56 (Algorithmic) Accounting for Shares Waterport Sales corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. At the beginning of 2019, Waterport sold 235,100 shares and reacquired 1,650 of those shares. The reacquired shares were held as treasury stock. During 2019, Waterport sold an additional 16,300 shares and purchased 3,100 mor treasury shares Required: Determine the number of issued and outstanding shares at December 31, 2019. Issued shares shares shares Outstanding shares

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