Problem $19-5$ Regular Dividends

The balance sheet for Quinn Corporation is shown here in market value terms. There are $8,000$ shares of stock outstanding.

Market Value Balance Sheet

Cash $ $44,400$ Equity $ $424,400$

Fixed assets $380,000$

Total $ $424,400$ Total $ $424,400$

The company has declared a dividend of $$1\mathrm{.}20$ per share. The stock goes ex dividend tomorrow.

Ignoring any tax effects, what is the stock selling for today? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

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$.,32\mathrm{.}16.)$

Ignoring any tax effects, 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$.,32.)$