Let's divide the answer.
8-bit arithmetic
This one is very easy. In fact, C already talks about this under the term "integer promotion". This means that if you have 8-bit data and you want to do an operation on them, you simply pad them with zero (or one if signed and negative) to make them 16-bit. Then you proceed with the normal 16-bit operation.
32-bit arithmetic
Note: so long as the standard is concerned, you don't really need to have 32-bit integers.
This could be a bit tricky, but it is still not worth using a library for. For each operation, you would need to take a look at how you learned to do them in elementary school in base 10, and then do the same in base 216 for 2 digit numbers (each digit being one 16-bit integer). Once you understand the analogy with simple base 10 math (and hence the algorithms), you would need to implement them in assembly of your CPU.
This basically means loading the most significant 16 bit on one register, and the least significant in another register. Then follow the algorithm for each operation and perform it. You would most likely need to get help from overflow and other flags.
Floating point arithmetic
Note: so long as the standard is concerned, you don't really need to conform to IEEE 754.
There are various libraries already written for software emulated floating points. You may find this gcc wiki page interesting:
GNU libc has a third implementation, soft-fp. (Variants of this are also used for Linux kernel math emulation on some targets.) soft-fp is used in glibc on PowerPC --without-fp to provide the same soft-float functions as in libgcc. It is also used on Alpha, SPARC and PowerPC to provide some ABI-specified floating-point functions (which in turn may get used by GCC); on PowerPC these are IEEE quad functions, not IBM long double ones.
Performance measurements with EEMBC indicate that soft-fp (as speeded up somewhat using ideas from ieeelib) is about 10-15% faster than fp-bit and ieeelib about 1% faster than soft-fp, testing on IBM PowerPC 405 and 440. These are geometric mean measurements across EEMBC; some tests are several times faster with soft-fp than with fp-bit if they make heavy use of floating point, while others don't make significant use of floating point. Depending on the particular test, either soft-fp or ieeelib may be faster; for example, soft-fp is somewhat faster on Whetstone.
One answer could be to take a look at the source code for glibc and see if you could salvage what you need.