The charter of Vista West Corporation specifies that it may issue 210,000 shares of common stock. Since the company was incorporated, it has sold a total of 145,000 shares to the public but bought back a total of 18,000. The par value of the stock is $5 and the stock was sold at an average price of $15. When the stock was bought back from the public, the market price was $29.

3.

Required information

1.	Determine the authorized shares.
	Authorized shares: