WULE 3. Required information. Seve of 3 [The following information applies to the questions displayed below.) The charter of Vista West Corporation specifies that it is authorized to issue 201,000 shares of common stock. Since the company was incorporated, it has sold a total of 154,000 shares (at $16 per share) to the public. It has bought back a total of 12,000. The par value of the stock is $4. When the stock was bought back from the public, the market price was $24. 0:59:18 Required: 1. Determine the authorized shares. Authorized shares Help Save & Exit Submit