The balance sheet for Pie Crust, Inc., is shown here in market value terms. There are 28,000 shares of stock outstanding.

Market Value Balance Sheet

Cash	$130,000
Fixed assets	494,960		Equity	$624,960
Total	$624,960		Total	$624,960

The company has declared a dividend of $1.50 per share. The stock goes ex-dividend tomorrow. Ignore all tax effects.

Requirement 1:

What is the stock selling for today? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Stock price

$

Requirement 2:

What will it sell for tomorrow? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Stock price

$

Requirement 3:

What will the balance sheet look like after the dividends are paid?

Cash	$	Equity	$
Fixed assets
Total	$	Total	$