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)	$	79,000
Additional paid-in capital		29,000
Retained earnings		49,000
Common equity	$	157,000
Treasury stock (4,000 shares)		23,000
Net common equity	$	134,000

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?