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The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding Market Value Balance Sheet

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The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 8,000 shares of stock outstanding Market Value Balance Sheet 424,400 Cash 44,400 Equity Fixed 380,000 assets 424,400 Total 424,400 Total$ The company has declared a dividend of $1.20 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

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