Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement 4.5 For the Year Ended December 31, 20x2 $ 3,650,000 2,230,000 $1,420,000 654,000 273,000 $ 493,000 85,300 $ 407,700 186,000 $ 221,700 10,000 points Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Skipped eBook Earnings after taxes Preferred stock dividends 211,700 Earnings available to common stockholders Shares outstanding Earningo per share 150,000 1.41 Hint Print Statement of Retained Earninge For the Year Ended December 31, 20X2 $1,370,100 211,700 141,000 Retained earnings, balance, January 1, 20x2 Add: Earnings available to common stockholders, 20x2 Deduct: Cash dividends declared and paid in 20x2 Retained earnings, balance, December 31, 20X2 $1,440,800 Comparative Balance sheete For 20X1 and 20x2 Year-End Year-End 20x2 20x1 Assets Current assets: Cash $ 137,000 541,000 697,000 65,600 $1,440,600 95,800 $ 107,100 571,000 717,000 32,800 Accounts receivable (net) Inventory Prepaid expenses Total current assets S1 89,00. Investments (long-term securities) Gross plant and equipment Less: Accumulated depreciation Net plant and equipment $ 2,770,000 1,220,000 $ 3,420,000 1,493,000 1,927,000 $3,443,900 1,550,000 $3,086,400 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20x2 Total liabilities $ 616,000 501,000 51,100 $1,168,100 369,000 501,000 73,300 $ 943,300 245,000 $1,413,100 183,000 $1,126,300 Stockholders' equity: Preferred stock, $100 par value Common stock, $1 par value Capital paid in excess of par Retained earnings Total stockholders' equity 90,000 150,000 350,000 1,440,800 $2,030,800 90,000 150,000 350,000 1,370,100 $1,960,100 Total liabilities and stockholders' equity $3,086,400 $3,443,900 a. Prepare a statement of cash flows for the Crosby Corporation: (Amounts to be deducted should be indicated with parentheses or a minus sign.) 00 CROSBY CORPORATION Statement of Cash Flows For the Year Ended December 31, 20X2 4.5 Cash flows from operating activities: points Adjustments to determine cashflow from operating activities: Skipped eBook Hint Total adjustments Net cash flows from operating activities Cash flows from investing activities: Print Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities b. Compute the book value per common share for both 20X1 and 20X2 for the Crosby Corporation. (Round your answers to 2 decimals places.) Book value 20X1 20X2 c. If the market value of a share of common stock is 1.7 times book value for 20X2, what is the firm's P/E ratio for 20X2? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) times PIE ratio 00