The corporate charter of Teal Mountain Corporation allows the issuance of a maximum of 33,300,000 shares of $1 par value common stock. During its first three years of operation, Teal issued 2,300,000 shares at $18 per share. It later acquired 38,000 of these shares as treasury stock for $28 per share. Based on the above information, answer the following questions: (a) How many shares were authorized? Authorised shares shares