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 ($2 par value)$ 80,000

Additional paid-in capital30,000

Retained earnings50,000

= $160,000

common equity$________

treasury stock (5,000 shares) 24,000

= 136,000

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_____________