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The authorized share capital of the Alfred Cake Company is 110,000 shares. The equity is currently shown in the company's books as follows: $ 62,000

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The authorized share capital of the Alfred Cake Company is 110,000 shares. The equity is currently shown in the company's books as follows: $ 62,000 Common stock ($2 par value) Additional paid in capital Retained earnings Common equity Treasury stock (1,000 shares) Net common equity 12,000 32,000 $ 106,000 6,000 $100,000 a. How many shares are issued? Number of shares issued b. How many'shares are outstanding? es Outstanding shares c. How many more shares can be issued without the approval of shareholders? Number of shares issued

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