Nbspwhat was the issue price per share of the preferred


The following financial statements and information are available for Blythe Industries Inc.

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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, classified as available for sale, 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. 

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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. Paid dividends.

Required: 

Organize the class into three sections, and divide each section into groups of three to five students. Assign each section of groups an activity section of the statement of cash flows (operating activities, investing activities, or financing activities)

Group Task: 

Prepare your assigned portion of the statement of cash flows. Have a representative of your section put your activity section of the statement of cash flows on the board. As each section adds its information on the board, the full statement of cash flows will be presented. 

Class Discussion: 

Have the class finish the statement of cash flows by computing the net change in cash. Also have the class answer the following questions: 

a. What is the cost per share of the treasury stock? 
b. What was the issue price per share of the preferred stock? 
c. What was the book value of the equipment sold?

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