The following financial statements and information are available for Rooney Industries, Inc.: Balance Sheets As of December 31 2017 2016 Assets Cash Accounts receivable Inventory Marketable securities (available for sale) Equipment Accumulated depreciation Land $ 162,300 105,106 188,000 294,200 679,900 $ 122,400 86,700 173,700 221,900 492,300 (238,000) 118,500 977,500 (307,90e) 81,800 1,203,400 Total assets Liabilities and equity Liabilities Accounts payable (inventory) Notes payable-Long-ternm Bonds payable $ 38,200 229,700 204,200 472,100 $ 68,000 252,100 102,100 422,200 Total 1iabilities Stockholders' equity 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 242,100 112,300 36, 200 390,600 379,900 39,200 731,300 $1,203,400 202,200 102,300 28,200 332,700 291,800 69,200 555,300 $977,500 Total stockholders' equity Total liabilities and stockholders equity Income Statement For the Year Ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Operating expenses $1,051,800 768,300 283, 500 Supplies expense Salaries expense Depreciation expense $ 22,500 94,000 92,100 Total operating expenses Operating income Nonoperating items 208,600 74,900 Interest expense Gain from the sale of marketable securities Gain from the sale of land and equipment (14,700) 34,000 18,600 Net income $ 112,800 Additional Information 1. Sold land that cost $36,700 for $40,700 2. Sold equipment that cost $28,000 and had accumulated depreciation of $22,200 for $20,400 3. Purchased new equipment for $215,600 4. Sold marketable securities that were classified as available-for-sale and that cost $45,100 for $79,100 5. Purchased new marketable securities, classified as available-for-sale, for $117,400 6. Paid $22,400 on the principal of the long-term note 7. Paid off a $102,100 bond issue and issued new bonds for $204,200 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.) a. Prepare the statement of cash flows for Rooney Industries using direct method. (Amounts to be deducted and cash outflows should be indicated by a minus sign.) ROONEY INDUSTRIES,INC. Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities Cash Receipts from: Total cash inflows Cash payments for Total cash outflows Cash flows from investing activities Cash flows from financing activities Ending cash balance 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? b- Cost per share of the treasury stock b-2. Issue price of the preferred stock b-3. Book value of equipment per share