Balance Sheets Assots Cash Accounts receivable Inventory Marketable securities (available for sale) Equipment Accumulated depreciation Land Total assets Liabilities and equity Liabilities Accounts payable (inventory) Notes payable Long term Bonds payable As of December 31 Year 3 Year 2 $162,700 $123,100 105,600 87,300 188,500 174,200 296,800 222,500 687.400 492,200 (307,100) (237,400) 82,400 118,200 1,216,300 980,700 $38,800 $68,600 229,600 252,600 205,400 102,700 473,200 423,900 Stockholders' equity Common stock, no par 242,700 202,900 Preferred stock, s se par 112,900 92,900 Paid in capital in excess of par-Preferred stock 36,900 30,900 Total paid-in capital 392,500 326,700 Retained earnings 388,980 299,000 Less: Treasury stock (38,900) (68,998) Total stockholders' equity 742,500 556,800 Total liabilities and stockholders' equity $1,216,300 $980,700 sales revenue Cost of goods sold Gross profit Operating expenses Supplies expense Salaries expense Depreciation expense Total operating expenses Operating income Nonoperating items Income Statement For the Year Ended December 31, Year 3 Interest expense Gain from the sale of marketable securities Gain from the sale of land and equipment Not income $23,000 94,508 92,700 $1,852,480 (768,800) 283,600 (210,200) 73,400 (14,400) 35,000 20,600 $114,600 Additional Information 1. Sold land that cost $35,800 for $39,800. 2 Sold equipment that cost $27,400 and had accumulated depreciation of $23,000 for $21,000. 3. Purchased new equipment for $222,000. 4. Sold marketable securities that were classified as available-for-sale and that cost $46,300 for $81,300. 5. Purchased new marketable securities, classified as available-for-sale, for $120,600. 6. Paid $23,000 on the principal of the long-term note. 7. Paid off a $102,700 bond issue and issued new bonds for $205,400. 8. Sold 100 shares of treasury stock at its cost. 9. Issued some new common stock. 10. Issued some new $50 par preferred stock. 11. Paid dividends. (Note: The only transactions to affect retained earnings were net income and dividends.) b-1. What is the cost per share of the treasury stock? b-2 What was the issue price per share of the preferred stock? b-3. What was the book value of the equipment sold? b1. Cost per share of the treasury stock b-2. Issue price of the preferred stock 000 51 per share