The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently shown in the company's books as follows:

common stock ($2 par value) $ 78,000

Additional paid-in capital 28,000

Retained earnigs 48,000

= $154,000

common equity $________

treasury stock (5,000 shares) 22,000

= 132,000

net common equity $_______

a. how many shares are issued?

Number of shares issued ______________

b. How many shares are outstanding?

Outstanding shares _____________

c. How many more shares can be issued without the approval of shareholders?

number of shares issued_____________