Got part A right but rest didn't get right answer, wanted to know what is right answer for question part B. For this practice question.

The authorized share capital of the Alfred Cake Company is 100,000 shares. Currently 20,000 shares are issued and outstanding. The equity is currently shown in the company's books as follows: Common stock $60,000 Retained earnings 30,000 Common equity 90,000 a. How many more shares can be issued without the approval of shareholders? Number of shares that can be issued 80000 b. If the company issues 10,000 shares at $5 a share, show how this will appear in the company's books. (Enter your answers in thousands of dollars. Round your answers to 1 decimal place.) Common Shares 90000 Retained Earnings 30000 Net Common Equity 120000 References eBook & Resources