RKJ Company has provided the following: 119,000 shares of $5 par value common stock are authorized 78,100 shares have been issued 70,000 shares are outstanding Which of the following statements is correct?

RKJ can resell 8,100 shares of common stock.

RKJ has 49,000 shares of treasury stock.

RKJ has 40,900 shares of treasury stock.

RKJ can issue an additional 49,000 shares of common stock.