The authorized share capital of the Alfred Cake Company is 165,000 shares. Currently 37,500 shares are issued and outstanding. The equity is currently shown in the company's books as follows:

The authorized share capital of the Alfred Cake Company is 165, 000 shares . Currently 37, 500 shares are issued and outstanding . The equity is currently shown in the company's books as follows :" Common stock $121. 000 Retained earnings 47. 500 Common equity 168.500 a . How many more shares can be issued without the approval of shareholders ?" Number of shares that can be issued b . If the company issues 13. 500 shares at $8. 75 a share , show how this will appear in the company's books . I Enter your answers in thousands of dollars . Round your answers to 1 decimal place . !) Common Shares Retained Earnings Not Common Equity*