The partial trial balance for Marianna Co. as at December 31, 20x2 is as follows:

                                                                            20x2                 20x1

Common shares                                    $17,045,917           $15,500,000

Contributed Surplus – Stock Options     120,000                  300,000

Retained earnings                                    4,736,776                4,650,000

There are 52,000 stock options which vested on December 31, 20x1 at an exercise price of $31 per share. The exercise period for this plan started on Jan 1, 20x2 and ends on December 31, 20x3.

There were 650,000 shares outstanding at the beginning of the year. The net income for the year was $850,000. No dividends were declared during the year.

The following transactions took place in 20x2:

Mar 1 Issued 100,000 common shares for $400,000

May 31 Holders of stock options exercised their stock options

Sep 30 Repurchased and cancelled 30,000 shares

Keep all decimal places where necessary.

Required

a) What was the book value per share immediately before the Sep 30 transaction?

b) Prepare the financing section of the Statement of Cash Flow (assume that all transactions affecting the SCF are the ones above).