RKJ Company has provided the following information:

• 100,000 shares of $5 par value common stock are authorized
• 64,000 shares have been issued
• 59,000 shares are outstanding

Which of the following statements is correct?

Multiple Choice

• RKJ has 36,000 shares of treasury stock.

• RKJ can issue an additional 41,000 shares of common stock.

• RKJ has 41,000 shares of treasury stock.

• RKJ can issue an additional 36,000 shares of common stock.

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Oakwood Company had accounts receivable of $756,000 and an allowance for doubtful accounts of $27,500 just prior to writing off as worthless a customers $11,000 account receivable. The net realizable value of Oakwoods accounts receivable as shown by the accounting records before and after the write off was as follows:

Multiple Choice

• Before	After
  $733,500	$739,500

• Before	After
  $756,000	$745,000

• Before	After
  $728,500	$728,500

• Before	After
  $728,500	$717,500