Book and liquidation value the balance sheet for Gallinas Industries is as follows. Additional information with respect to the firm is available: 1. Preferred stock can be liquidated at book value. 2. Accounts receivable and inventories can be liquidated at 88% 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 135% of book value. 6. Machinery and equipment can be liquidated at 71% 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? a. Gallinas Industries' book value per share is $(Round to the nearest cent) Assets Cash Marketable securities $ 63,000 63,000 63,000 Accounts receivable Inventories Gallinas Industries Balance Sheet December 31 Liabilities and Stockholders' Equity $ 35,000 Accounts payable 105,000 Notes payable 105,000 Accrued wages 119,000 Total current liabilities $ 364,000 Long-term debt $ 126,000 Preferred stock 210,000 Common stock (10,000 shares) $ 336,000 Retained earnings $ 700,000 Total liabilities and stockholders' equity $ 189,000 $ 105,000 Total current assets Land and buildings (net) Machinery and equipment Total fixed assets (net) $ 84,000 217.000 105,000 $ 700,000 Total assets