Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.) The charter of Vista West Corporation specifies that it is authorized to issue 213,000 shares of common stock. Since the company was incorporated, it has sold a total of 146,000 shares (at $16 per share) to the public. It has bought back a total of 12,000. The par value of the stock is $3. When the stock was bought back from the public, the market price was $23. E11-2 Part 1 Required: 1. Determine the authorized shares. Authorized shares Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.) The charter of Vista West Corporation specifies that it is authorized to issue 213,000 shares of common stock. Since the company was incorporated, it has sold a total of 146,000 shares (at $16 per share) to the public. It has bought back a total of 12,000. The par value of the stock is $3. When the stock was bought back from the public, the market price was $23. E11-2 Part 2 2. Determine the issued shares. Issued shares Required information E11-2 (Algo) Computing Number of Shares LO11-1, 11-3 [The following information applies to the questions displayed below.) The charter of Vista West Corporation specifies that it is authorized to issue 213,000 shares of common stock. Since the company was incorporated, it has sold a total of 146,000 shares (at $16 per share) to the public. It has bought back a total of 12,000. The par value of the stock is $3. When the stock was bought back from the public, the market price was $23. E11-2 Part 3 3. Determine the outstanding shares. Outstanding shares