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

Income Statement For the Year Ended December 31, 2017

Sales revenue .............................................................................................$1,050,000
Cost of goods sold .....................................................................................(766,500)
Gross profit .................................................................................................283,500
Operating expenses
Supplies expense ........................................................................................$20,400
Salaries expense .........................................................................................92,000
Depreciation expense ................................................................................90,000
Total operating expenses ..........................................................................(202,400)
Operating income .......................................................................................81,100
Nonoperating items
Interest expense ..........................................................................................(16,000)
Gain from the sale of marketable securities ...........................................30,000
Gain from the sale of land and equipment .............................................12,000
Net income ..................................................................................................$ 107,100

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 that were classified as available-for-sale and 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.
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. (Note: The only transactions to affect retained earnings were net income and 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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Balance Sheets As of December 31 2017 2016 Assets $ 160,200 103,200 186,400 284,000 650,000 (310,000) 80,000 $120,600 85,000 171,800 Cash Accounts receivable Inventory Marketable securities (available for sale) Equipment Accumulated depreciation Land 220,000 490,000 (240,000) 120,000 $1,153,800 $967,400 Total assets Liabilities and equity Liabilities $ 36,400 230,000 200,000 466,400 $ 66,200 Accounts payable (inventory) Notes payable-Long-term Bonds payable 250,000 100,000 416,200 Total liabilities Stockholders' equity Common stock, no par Preferred stock, $50 par Paid-in capital in excess of par-Preferred stock 240,000 110,000 34,400 200,000 100,000 26,800 Total paid-In capital Retained earnings 384,400 326,800 264,400 333,000 Less: Treasury stock Total stockholders' equity (30,000) (40,000) 551,200 $967,400 687,400 Total liabilities and stockholders' equity $1,153,800