The charter of vista west corporation specifies that it is authorized to issue 300,000 shares of common stock since thecompany was incorporated, it has sold a total of 160,000 shares (at $16 per share) to the public it has bought back a totalof 25,000. the par value of the stock is $3. when the stock was bought back from the public, the market price was $40.required: 1, determine the authorized shares.2 determine the issued shares.3. determine the outstanding shares.