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need help with the cash flow statement and 3 questions. this is my 3rd time submitting this and I cant seem to get the correct
need help with the cash flow statement and 3 questions. this is my 3rd time submitting this and I cant seem to get the correct steps explaning how to do it
The following financial statements and information are available for Blythe Industries, Incorporated.
Balance Sheets | ||
---|---|---|
As of December 31 | ||
Year 2 | Year 1 | |
Assets | ||
Cash | $180,200 | $135,700 |
Accounts receivable | 116,100 | 96,000 |
Inventory | 209,700 | 193,200 |
Marketable securities (available for sale) | 294,000 | 230,000 |
Equipment | 731,000 | 551,000 |
Accumulated depreciation | (349,000) | (270,000) |
Land | 90,000 | 135,000 |
Total assets | $1,272,000 | $1,070,900 |
Liabilities and equity | ||
Liabilities | ||
Accounts payable (inventory) | $40,900 | $74,500 |
Notes payableLong-term | 259,000 | 281,000 |
Bonds payable | 225,000 | 112,000 |
Total liabilities | 524,900 | 467,500 |
Stockholders equity | ||
Common stock, no par | 270,300 | 225,000 |
Preferred stock, $50 par | 122,000 | 112,000 |
Paid-in capital in excess of parPreferred stock | 40,100 | 30,100 |
Total paid-in capital | 432,400 | 367,100 |
Retained earnings | 349,700 | 281,300 |
Less: Treasury stock | (35,000) | (45,000) |
Total stockholders equity | 747,100 | 603,400 |
Total liabilities and stockholders equity | $1,272,000 | $1,070,900 |
Income Statement | ||
---|---|---|
For the Year Ended December 31, Year 2 | ||
Sales revenue | $1,181,000 | |
Cost of goods sold | (862,200) | |
Gross profit | 318,800 | |
Operating expenses | ||
Supplies expense | $22,900 | |
Salaries expense | 103,000 | |
Depreciation expense | 101,000 | |
Total operating expenses | (226,900) | |
Operating income | 91,900 | |
Nonoperating items | ||
Interest expense | (18,000) | |
Gain from the sale of marketable securities | 29,000 | |
Gain from the sale of land and equipment | 12,000 | |
Net income | $114,900 |
Additional Information
- Sold land that cost $45,000 for $49,000.
- Sold equipment that cost $34,000 and had accumulated depreciation of $22,000 for $20,000.
- Purchased new equipment for $214,000.
- Sold marketable securities that were classified as available-for-sale and that cost $50,000 for $79,000.
- Purchased new marketable securities, classified as available-for-sale, for $114,000.
- Paid $22,000 on the principal of the long-term note.
- Paid off a $112,000 bond issue and issued new bonds for $225,000.
- Sold 100 shares of treasury stock at its cost.
- Issued some new common stock.
- Issued some new $50 par preferred stock.
- Paid dividends. (Note: The only transactions to affect retained earnings were net income and dividends.)
where would i fidn that? i copied and pasted the question so whatver is there is ehwt was provided
ndica a. What is the cost per share of the treasury stock sold? b. What was the price per share of the newly issued preferred stock? (Round final answer to the nearest whole number.) c. What was the book value of the equipment sold Step by Step Solution
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