The Following Information Relates to the Number of Common Shares $40,000 \text { Authorized shares }\quad 15,000 \text { Unissued shares } \quad2,500 \text { Treasury shares }$

The following information relates to the number of common shares of the Nelly Corporation:
$40,000 \text { Authorized shares }\quad 15,000 \text { Unissued shares } \quad2,500 \text { Treasury shares }$ Calculate the number of outstanding shares from the information given.Show your calculations.