Louisiana company uses the indirect method to prepare its statement of cash flows. refer to the following portion of the comparative balance sheet: louisiana company comparative balance sheet december 31, 2019 and 2018 2019 2018 increase/(decrease) common stock $32,000 $2,400 $29,600 retained earnings 123,000 76,000 47,000 treasury stock (15,000) (8,200) (6,800) total equity $140,000 $70,200 $69,800 note: 1. there were no stock retirements during the year. 2. there were no sales of treasury stock during the year. compute the cash flow from transactions involving treasury stock.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.