parts a and b? oid ths inding have on your responsE 19 Book and liquidation valuc The balance sheet for Gallinas Industries is as f Gallinas Industries Balance Sheet as of December 31 Assets Liabilities and stockholders' equity Cash Marketable securities Accounts receivable Inventories 40,000 Accounts payable 60,000 Notes payable 120,000 Accrued wages 160,000 $100,000 30,000 30,000 S160,000 $180,000 S 80,000 260,000 100,000 $780,000Total liabilities and stockholders' equity $780,000 Total current liabilities Long-term debt Preferred stock Common stock (10,000 shares) Retained earnings Total current assets $380,000 $150,000 250,000 $400,000 Land and buildings (net) Machinery and equipment Total fixed assets (net) Total assets 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 90% of book value. (3) The firm has 10,000 shares of common stock outstanding. (4) All interest and dividends are currently paid up. 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 the following: 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