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Refer to the following financial statements for Crosby Corporation:

CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2
Sales		$	2,950,000
Cost of goods sold			1,740,500
Gross profit		$	1,209,500
Selling and administrative expense			590,000
Depreciation expense			206,500
Operating income		$	413,000
Interest expense			118,000
Earnings before taxes		$	295,000
Taxes			106,200
Earnings after taxes		$	188,800
Preferred stock dividends			14,750
Earnings available to common stockholders		$	174,050
Shares outstanding			120,000
Earnings per share		$	1.45

Statement of Retained Earnings For the Year Ended December 31, 20X2
Retained earnings, balance, January 1, 20X2	$	678,500
Add: Earnings available to common stockholders, 20X2		174,050
Deduct: Cash dividends declared and paid in 20X2		64,900
Retained earnings, balance, December 31, 20X2	$	787,650

Comparative Balance Sheets For 20X1 and 20X2
	Year-End 20X1				Year-End 20X2
Assets
Current assets:
Cash		$	94,400			$	132,750
Accounts receivable (net)			398,250				442,500
Inventory			531,000				545,750
Prepaid expenses			64,900				41,300
Total current assets		$	1,088,550			$	1,162,300
Investments (long-term securities)			103,250				88,500
Gross plant and equipment	$ 2,655,000				$ 3,215,500
Less: Accumulated depreciation	1,327,500				1,534,000
Net plant and equipment			1,327,500				1,681,500
Total assets		$	2,519,300			$	2,932,300
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable		$	339,250			$	590,000
Notes payable			531,000				531,000
Accrued expenses			88,500				67,850
Total current liabilities		$	958,750			$	1,188,850
Long-term liabilities:
Bonds payable, 20X2			94,400				147,500
Total liabilities		$	1,053,150			$	1,336,350
Stockholders equity:
Preferred stock, $100 par value		$	105,000			$	105,000
Common stock, $1 par value			135,000				135,000
Capital paid in excess of par			425,000				425,000
Retained earnings			801,150				787,650
Total stockholders equity		$	1,466,150			$	1,452,650
Total liabilities and stockholders equity		$	2,519,300			$	2,789,000

a. Prepare a statement of cash flows for the Crosby Corporation: (Amounts to be deducted should be indicated with parentheses or a minus sign.)

b. Compute the book value per common share for both 20X1 and 20X2 for the Crosby Corporation. (Round your answers to 2 decimals places.)

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