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HELP PLS ASAP The authorized share capital of the Alfed Cake Company is 150,000 shares. Currently 28,500 shares are issued and outstanding. The equity is

HELP PLS ASAP image text in transcribed
The authorized share capital of the Alfed Cake Company is 150,000 shares. Currently 28,500 shares are issued and outstanding. The equity is currently shown in the company's books as follows: a. How many more shares can be issued without the approval of shareholders? Waber af eharee that ean be innued b. If the company issues 11,700 shares at $7.89 a share, show how this will appear in the company's books. (Enter your answers in thousands of dollars. Round your answers to 1 decimal place.)

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