% 5. Regular Dividends [LO1] The balance sheet for Sinking Ship Corp. is shown here in market value terms. There are 14,000 shares of stock outstanding. Market Value Balance Sheet Cash $ 53,700 Equity $438,700 Fixed assets _385,000 Total $438,700 Total $438,700 The company has declared a dividend of $1.30 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? What will the balance sheet look like after the dividends are paid? Chapter 17 Question 5 Input Area: Shares outstanding Dividend per share 14.000 1,30 $ $ 438.700 Cash Fixed assets Total Market Value Balance Sheet $ 53.700 Equity 385.000 $ 438.700 Total 438.700 Output Area: Priceo Pricex The equity and cash accounts will decline by: $ 18.200 $ 420.500 Cash Fixed assets Total Market Value Balance Sheet $ 35.500 Equity 385.000 $ 420.500 Total $ 420.500