The following financial statements and information are available for Johnson Inc

Balance Sheets As of December 31 Year 3 Year 2 160,200 103, 200 186,400 284,000 650,000 (310,000) B0.000 1,153,800 $ 120, 600 85,000 171, 800 220,000 490,000 (240,000) 120,000 967,400 Assets 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 Total liabilities Stockholders fequity Common stock, no par Preferred stock, $50 par Paid-in capital in excess of par-Preferred stock Total paid-In capital Retained earnings Less Treasury Stock Total stockholders' equity Total liabilities and stockholders' equity $ 36,400 230,000 200,000 466,400 $ 66,200 250,000 100,000 416,200 240,000 110,000 34,400 384,400 333,000 130,000) 687.400 $1,153,800 200,000 100,000 26, 800 326, 800 264,400 140,000) 551,200 $ 967, 400 $1,050.000 766,500) 283,500 Income Statement For the Year Ended December 31, Year 3 Sales revenue Cost of goods sold Gross profit Operating expenses Supplies expense $20,400 Salarien expense 92,000 Depreciation expense 90,000 Total operating expenses Operating income Nanoperating tema Interest expense Gain from the sale of marketable securities Gain from the sale of land and equipment Net Income (202400 81, 100 (16.000) 30.000 12,000 5 107.100 Additional Information 1. Sold land that cost $40,000 for $44.000. 2. Sold equipment that cost $30,000 and had accumulated depreciation of $20,000 for $18,000 3. Purchased new equipment for $190,000 4. Sold marketable securities that were classified as available for sale and that cost $40,000 for $70.00 Damhin awe niin se hinnad on 283,500 $ 20,400 92,000 90,000 Gross profit Operating expenses Supplies expense Salaries expense Depreciation expense Total operating expenses Operating income Honoperating Items Interest expense Gain from the sale of marketable securities Gain from the sale of land and equipment Net Income (202,400 81,100 (16,000) 30,000 12,000 $ 107, 100 Additional Information 1. Sold land that cost $40,000 for $44,000. 2. Sold equipment that cost $30,000 and had accumulated depreciation of $20,000 for $18,000. 3. Purchased new equipment for $190,000 4. Sold marketable securities that were classified as available-for-sale and that cost $40,000 for $70,000. 5. Purchased new marketable securities, classified as available-for-sale, for $104,000. 6. Paid $20,000 on the principal of the long-term note. 7. Paid off a $100,000 bond issue and Issued new bonds for $200,000. 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. Pald 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? 16-2 b-3 Cost per share of the treasury stock sue price of the preferred stock Book value of equipment per share