Computing Shares Outstanding E11-1 In a recent annoal report, Outerwall Inc. (formerly Redbox) disclosed that 60,000,000 shares of com L011-1 mon stock have been authorized. At the beginning of the fiscal year, a total of 36,356,357 shares had been issued and the number of shares in treasury stock was 7,171,269. During the year, 558,765 additional shares were issued, and the number of treasury shares increased by 3,034,188. Determine the number of shares outstanding at the end of the year