The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the companys books as follows: Common stock ($2 par value) $70,000 Additional paid-in capital 20,000 Retained earnings 40,000 Common equity $130,000 Treasury stock (5,000 shares) 14,000 Net common equity $116,000 a.How many shares are issued? b.How many shares are outstanding? c. How many more shares can be issued without the approval of shareholders?