The authorized share capital of the Alfred Cake Company is 110,000 shares. The equity is currently shown in the companys books as follows:

Common stock ($2 par value)	$	62,000
Additional paid-in capital		12,000
Retained earnings		32,000
Common equity	$	106,000
Treasury stock (1,000 shares)		6,000
Net common equity	$	100,000

a. How many shares are issued?

b. How many shares are outstanding?

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