The corporate charter of Blossom Corporation allows the issuance of a maximum of 100,000 shares of...

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The corporate charter of Blossom Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first 2 years of operation, Blossom sold 60,000 shares to shareholders and reacquired 2,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding? Shares authorized Shares issued Shares outstanding The corporate charter of Blossom Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first 2 years of operation, Blossom sold 60,000 shares to shareholders and reacquired 2,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding? Shares authorized Shares issued Shares outstanding