i Data Table 1. Preferred stock can be liquidated at book value 2. Accounts receivable and inventories can be liquidated at 91% 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 66% of book value. 7. Cash and marketable securities can be liquidated at book value. Gallinas Industries Balance Sheet December 31 Assets Given this information, answer the following: a. What is Gallinas Industries' book value per share? b. What is ils liquidation value por share? c. Compare, contrast and discuss the values found in parts a and b. Cash $ 35,000 Liabilities and Stockholders' Equity Accounts payable Notes payable $ 84.240 Marketable securities 91.260 35,100 35,100 a. Gallinas Industries' book value per share is $. (Round to the nearest cent.) Accounts receivable Accrued wages 105,300 126,360 Inventories b. Gallinas Industries' liquidation value per share is $. (Round to the nearest cent.) $ 154,440 Total current liabilities $ 357.920 $ 112,320 6. Compare, contrast, and discuss the values found in parts a and b. (Select the best answer below.) Total current assets Land and buildings (net) Long-term debt Preferred stock S $ 84,240 129.030 215,050 Common stock (10.000 shares) Machinery and equipment Total fixed assets (net) 245,700 105,300 $ 344.000 O A. Liquidation value is below book value per share and represents the minimum value for the firm. It O B. Liquidation value is below book value per share and represents the maximum value for the firm. I O C. Liquidation value is greater than book value per share and represents the minimum value for the OD. Liquidation value is below book value per share and represents the maximum value for the firm. I Retained earnings $ 702.000 $ 702,000 Total assets Total liabilities and stockholders' equity Print Done Click to select your answer's)