(5) (Cash dividends)Marshall Pottery Barn is a privately owned importer of Mexican pottery and garden supplies. The firm plans on paying a $1.56 per share dividend on each of its 6,000 shares of common stock. The firm's most recent balance sheet just before payment of the dividend looks like the following:

Cash	$	17,500		Accounts payable	$	21,700
Accounts receivable		21,100		Notes payable		4,500
Inventories		30,100		Current liabilities	$	26,200
Current assets	$	68,700		Long-term debt		33,800
Fixed assets		129,000		Equity		137,700
Total assets	$	197,700		Total	$	197,700

a.What would happen to the firm's balance sheet after payment of the cash dividend?

b.If the above balance sheet also represented market values (as well as book values), how would it change following the payment of the cash dividend?