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 ($1 par value) $ 74, 000 Additional paid-in capital 24, 000 Retained earnings 44, 000 Common equity $142, 000 Treasury stock (1,000 shares) 18, 080 Net common equity $124, 000 look a. How many shares are issued? Hint Number of shares issued rences 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