The following financial statements and information are available for Solomon Industries Inc. Balance Sheets As of December 31 Year 3 Year 2 162,400 105,300 188,100 294,700 681,400 (307,700) 82,000 1,206,200 $ 122,600 86,880 173,800 222,000 492,500 (237,900) 118,400 978,200 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' equity Common stock, no par . Preferred stock, $50 par Paid-in capital in excess of par-Preferred sto Total paid-In capital Retained earnings Less: Treasury stock Total stockholders' equity Total liabilities and stockholders' equity 38,400 229,700 204,400 472,500 $ 68,100 252,200 102,200 422,500 242,200 112,400 36,400 391,000 380,700 (38,000) 733,700 $1,206,200 202,400 102,400 30,400 335,200 288,500 (68,000 555,700 $ 978,200 $1,051,900 (768,400) 283,500 Income Statement For the Year Ended December 31, Year 3 Sales revenue Cost of goods sold Gross profit Operating expenses Supplies expense $22,700 Salaries expense 94, 100 Depreciation expense 92,300 Total operating expenses Operating income Nonoperating items Interest expense Gain from the sale of marketable securities Gain from the sale of land and equipment Net income (209,100) 74,400 (14,600) 34,200 19,200 113,200 $ Additional Information 1. Sold land that cost $36,400 for $40,400. 2. Sold equipment that cost $27,800 and had accumulated depreciation of $22,500 for $20,500. 3. Purchased new equipment for $216,700. 4. Sold marketable securities that were classified as available-for-sale and that cost $45,300 for $79,500. 5. Purchased new marketable securities, classified as available-for-sale, for $118,000. 6. Paid $22.500 on the principal of the long-term note. 7. Paid off a $102,200 bond issue and issued new bonds for $204.400. 8. Sold 200 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? b-1. Cost per share of the treasury stock b-2. Issue price of the preferred stock b-3. Book value of equipment per share