Additional information with respect to the firm is available:

1. (1)Preferred stock can be liquidated at book value.
2. (2)Accounts receivable and inventories can be liquidated at 90% of book value.
3. (3)The firm has 10,000 shares of common stock outstanding.
4. (4)All interest and dividends are currently paid up.
5. (5)Land and buildings can be liquidated at 130% of book value.
6. (6)Machinery and equipment can be liquidated at 70% of book value.
7. (7)Cash and marketable securities can be liquidated at book value.

Given this information, answer the following:

1. What is Gallinas Industries' book value per share?
2. What is its liquidation value per share?
3. Compare, contrast, and discuss the values found in parts a and b.