The charter of Vista West Corporation specifies that it is authorized to issue 203,000 shares of common stock. Since the company was incorporated, it has sold a total of 156,000 shares (at $16 per share) to the public. It has bought back a total of 15,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $27.

Required:

1. Determine the authorized shares.

2. Determine the issued shares.

3. Determine the outstanding shares.