Question: please help on what im getting wrong The balance sheet for Tempest, Inc., is shown here in market value terms. There are 27,000 shares of


please help on what im getting wrong
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 27,000 shares of stock outstanding. Cash Fixed assets Market Value Balance Sheet $ 137,000 549,880 Equity $686,880 Total $686,880 Total $686,880 The company has declared a dividend of $1.50 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. c. What will the balance sheet look like after the dividends are paid? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) X Answer is complete but not entirely correct. Cash $ Fixed assets 165,000 X 549,880 Equity 714,880 Total $ 989,820 X 989,820 X Total $ $
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