The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 6,000 shares of stock outstanding.

Market Value Balance Sheet
Cash	$	45,500		Equity	$	535,500
Fixed assets		490,000
Total	$	535,500		Total	$	535,500

The company has declared a dividend of $1.80 per share. The stock goes ex dividend tomorrow.

Ignoring any tax effects, what will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price per share Ignoring any tax effects, what will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations.) Balance Sheet Equity Cash Fixed assets Total Total