CHAPTER 14 Q 1 Equity Accounts. The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the company's books as follows: Common stock ($1 par) $60,000 + Additional paid-in capital $10,000 + Retained Earnings $30,000 = Common equity $100,000 - Treasury Stock (2,000 shares) $5,000 = Net Common Equity $95,000. A) How many shares are issued B) How many are outstanding C) How many more shares can be issued without the approval of shareholders