7. Investor LLC has the following abbreviated balance sheet: Cash = $7000 Other Assets = $17000 Debt = $0 Equity = $24000 Shares outstanding = 2000. Now suppose that the company pays a cash dividend of $1.20 per share. What would the total assets of the firm be after the dividend payment? $ Place your answer to the nearest dollar without using the dollar sign or comma

8. Giggle Inc reports the following abbreviated balance sheet: Cash = $7000 Other Asset = $16000 Debt = $0 Equity = $23000 Number of shares outstanding = 1500 Giggle just paid a cash dividend of $0.80 per share. What is the new share price after the dividend payment? $ Place your answer in dollars and cents without the dollar sign.