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The charter of Vista West Corporation specifies that it may issue 209,000 shares of common stock. Since the company was incorporated, it has sold a total of 142,000 shares to the public but bought back a total of 16,000. The par value of the stock is $4 and the stock was sold at an average price of $13. When the stock was bought back from the public, the market price was $27.

Required:

1.	Determine the authorized shares.

Authorized shares

2.	Determine the issued shares

Issued shares

3.	Determine the outstanding shares.

Outstanding shares