he authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the companys books as follows: Common stock ($2 par value) $ 63,000 Additional paid-in capital 13,000 Retained earnings 33,000 Common equity $ 109,000 Treasury stock (3,000 shares) 7,000 Net common equity $ 102,000

a. How many shares are issued?

b. How many shares are outstanding?

c. How many more shares can be issued without the approval of shareholders?