The rombwing minancid statements andinrormation are avallabie tor biytne industries incorporated. Blythe Industries, Incorporated Balance Sheets As of December 31 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 \begin{tabular}{|lr|rr|} \hline & Year 3 & \multicolumn{1}{|c|}{ Year 2 } \\ & & & \\ $ & 160,200 & $ & 120,600 \\ $ & 103,200 & $ & 85,000 \\ $ & 186,400 & $ & 171,800 \\ $ & 284,000 & $ & 220,000 \\ $ & 650,000 & $ & 490,000 \\ $ & (310,000) & $ & (240,000) \\ $ & 80,000 & $ & 120,000 \\ \hline$ & 1,153,800 & $ & 967,400 \\ \hline \hline & & & \\ & & & \\ $ & 36,400 & $ & 66,200 \\ $ & 230,000 & $ & 250,000 \\ $ & 200,000 & $ & 100,000 \\ \hline$ & 466,400 & $ & 416,200 \\ \hline & & & \\ \hline$ & 240,000 & $ & 200,000 \\ $ & 110,000 & $ & 100,000 \\ $ & 34,400 & $ & 26,800 \\ \hline$ & 384,400 & $ & 326,800 \\ $ & 333,000 & $ & 264,400 \\ $ & (30,000) & $ & (40,000) \\ \hline$ & 687,400 & $ & 551,200 \\ \hline$ & 1,153,800 & $ & 967,400 \\ \hline \end{tabular} A Blythe Industries, Incorporated Income Statement For the Year Ended December 31, Year 3 Sales revenue \begin{tabular}{|rr} \hline$ & 1,050,000 \\ 5 & (766,500) \\ \hline$ & 283,500 \end{tabular} \mid cost of goods sold Gross profit Operating expenses Supplies expense Salaries expense Depreciation expense 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 \begin{tabular}{ll} $ & 20,400 \\ $ & 92,000 \\ $ & 90,000 \\ \hline \end{tabular} \begin{tabular}{rr} $ & (202,400) \\ \hline$ & 81,100 \end{tabular} Additional information 52. 1. Sold land that cost $40,000 for $44,000. 2. Sold equipment that cost $30,000 and had accumulated depreciation 53 of $20,000 for $18,000. 54 3. Purchased new equipment for $190,000. \begin{tabular}{rr} $ & (16,000) \\ $ & 30,000 \\ $ & 12,000 \\ \hline$ & 107,100 \\ \hline \end{tabular} 4. Sold marketable securities that were classified as available-for-sale 55 and that cost $40,000 for $70,000. $40,000$44,000 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. $$$30,000190,00040,000$$20,00070,000 $$104,00020,000 8. Sold 100 shares of treasury stock at its cost. 9. Issued 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.) Graded Worksheet + Note: Necathus amaunte a Ending cash balance 100 101b. The cost per share of the treasury stock is 102c. The issue price per share of the preferred stock was 103 d. The book value of the equipment sold was 104 105