The authorized share capital of the Alfred Cake Company is 100,000 shares. The equity is currently shown in the companys books as follows:

Common stock ($1 par value)	$	61,000
Additional paid-in capital		11,000
Retained earnings		31,000
Common equity	$	103,000
Treasury stock (2,000 shares)		5,000
Net common equity	$	98,000

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?