Book and liquidation value The balance sheet for Gallinas Industries is as follows, Additional information with respect to the firm is available: i Data Table Gallinas Industries Balance Sheet December 31 1. Preferred stock can be liquidated at book value. 2. Accounts receivable and inventories can be liquidated at 95% of book value. 3. The firm has 10,000 shares of common stock outstanding. 4. All interest and dividends are currently paid up. 5. Land and buildings can be liquidated at 120% of book value 6. Machinery and equipment can be liquidated at 68% of book value. 7. Cash and marketable securities can be liquidated at book value. Given this information, answer the following: a. What is Gallinas Industries' book value per share? b. What is its liquidation value per share? a. Gallinas Industries' book value per share is $. (Round to the nearest cen Assets $ $ 83,490 Cash Marketable securities Accounts receivable 45,000 91,080 Liabilities and Stockholders' Equity Accounts payable Notes payable Accrued wages Total current liabilities 37,950 37,950 106,260 98,670 Inventories $ 159,390 Total current assets $ 341,010 $ 189,750 Long-term debt Preferred stock S 91,080 $ 156,746 261,244 Land and buildings (net) Machinery and equipment Total fixed assets (net) Common stock (10,000 shares) 204,930 113,850 $ 417,990 Retained earnings Total assets $ 759,000 $ 759,000 Total liabilities and stockholders' equity Print Done Enter your answer in the answer box and then click Check