The following financial statements and information are available for Walton Industries Inc. Balance Sheets As of December 31 Year 3 Year 2 $ 162,800 105,800 188,700 297,000 687,700 (306,900) 82,600 1,217,700 $ 123,300 87,400 174,400 222,700 493,000 (237,200) 118,200 981,800 $ 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 stock Total paid-In capital Retained earnings Less: Treasury stock Total stockholders' equity Total liabilities and stockholders' equity 38,900 229,700 205,800 474,400 $ 68,700 252,700 102,900 424,300 242,900 113, 100 37,000 393,000 388,300 (38,000) 743,300 $1,217,700 203, 100 103, 100 33,000 339,200 266,300 (48,000) 557,500 $ 981,800 $1,052,600 (768,900) 283,700 Income Statement For the Year Ended December 31, Year 3 Sales revenue Cost of goods sold Gross profit Operating expenses Supplies expense $23, 200 Salaries expense 80,600 Depreciation expense 92,900 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 (196,700) 87,000 (14,300) 35,000 20,900 $ 128,600 Additional Information 1. Sold land that cost $35,600 for $39,600. 2. Sold equipment that cost $27,300 and had accumulated depreciation of $23,200 for $21,000. 3. Purchased new equipment for $222,000. 4. Sold marketable securities that were classified as available-for-sale and that cost $46,300 for $81,300. 5. Purchased new marketable securities, classified as available-for-sale, for $120,600. 6. Paid $23,000 on the principal of the long-term note. 7. Paid off a $102,900 bond issue and issued new bonds for $205,800. 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.) 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