The authorized share capital of the Alfred Cake Company is 140,000 shares. The equity is currently shown in the companys books as follows:

Common stock ($1 par value)	$	76,000
Additional paid-in capital		26,000
Retained earnings		46,000
Common equity	$	148,000
Treasury stock (1,000 shares)		20,000
Net common equity	$	128,000

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?