Data table Gallinas Industries Balance Sheet December 31 Assets Cash Marketable securities Accounts receivable Inventories Total current assets Land and buildings (net) Machinery and equipment Liabilities and Stockholders' Equity $ 35,000 Accounts payable $ 86,240 109,760 Notes payable 54,880 109,760 Accrued wages 54,880 148,960 $ 196,000 Total current liabilities $ 403,480 $ 211,680 Long-term debt 142,695 Preferred stock $ 94,080 237,825 Common stock (10,000 shares) $ 380,520 164,640 117,600 Total fixed assets (net) Retained earnings $ 784,000 $ 784,000 Total assets Total liabilities and stockholders' equity Print Done 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 92% 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 67% 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 $ 28.22. (Round to the nearest cent.) b. Gallinas Industries' liquidation value per share is $ (Round to the nearest cent.)