RKJ Company has provided the following information:

-109,000 shares of $5 par value common stock are authorized

-74,500 shares have been issued

-67,700 shares are outstanding

Which of the following statements is correct?

a) RKJ can issue an additional 34,500 shares of treasury stock.

b) RKJ has 34,500 shares of treasury stock.

c) RKJ can resell 6,800 shares of treasury stock.

d) RKJ can issue an additional 41,300 shares of common stock.