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 218,000 shares of common stock. Since the company was incorporated, it has sold a total of 148,000 shares (at $16 per share) to the public. It has bought back a total of 16,000 . The par value of the stock is $5. When the stock was bought back from the public, the market price was $23. E11-2 Part 1 Required: 1. Determine the authorized shares