Book and liquidation valueThe balance sheet for Gallinas Industries is as follows,

Gallinas Industries Balance Sheet December 31

Assets			Liabilities and Stockholders' Equity
Cash	$40,000		Accounts payable	$100,000
Marketable securities	60,000		Notes payable	30,000
Accounts receivable	120,000		Accrued wages	30,000
Inventories	160,000		Total current liabilities	$160,000
Total current assets	$380,000		Long-term debt	$180,000
Land and buildings (net)	$150,000		Preferred stock	$80,000
Machinery and equipment	250,000		Common stock (10,000 shares)	260,000
Total fixed assets (net)	$400,000		Retained earnings	100,000
Total assets	$780,000		Total liabilities and stockholders' equity	$780,000

Additional information with respect to the firm isavailable:

1. Preferred stock can be liquidated at book value.

2. Accounts receivable and inventories can be liquidated at 90% 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 130% of book value.

6. Machinery and equipment can be liquidated at 70% of book value.

7. Cash and marketable securities can be liquidated at book value.

Given this information, answer questions A-C in EXCEL showing all excel formulas for each field. I cannot understand the answer if I can't see the formulas. Thank you:

a.What is Gallinas Industries' book value per share?

b.What is its liquidation value per share?

c. Compare, contrast, and discuss the values found in parts a and b.