Heep, Inc has the following information available:

Common stock, $1 par, 100,000 shares authorized	$80,000
Additional paid in capital	60,000
Retained earnings	40,000
Less: Treasury stock, 2,000 shares at cost	(20,000)
Total stockholders' equity	$160,000

How many shares of common stock are issued?

	a.	60,000
	b.	80,000
	c.	140,000
	d.	160,000
	e.	none of the above

Refer to the information above for Heep Inc.

How much did Heep receive (in cash or other assets) from issuing common stock?

	a.	$60,000
	b.	$80,000
	c.	$140,000
	d.	$160,000
	e.	none of the above

Refer to the information above for Heep Inc.

How many shares of common stock are outstanding?

	a.	160,000
	b.	140,000
	c.	80,000
	d.	78,000
	e.	none of the above