Problem 14-7 Regular Dividends [LO 1] 14 The balance sheet for Tempest, Inc., is shown here in market value terms. There are 34,000 shares of stock outstanding. 3.33 points Market Value Balance Sheet $163,000 678,500 Cash $841,500 Fixed assets Equity Total $841,500 $841,500 Total Book References The company has declared a dividend of $1.10 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. a. What is the stock selling for today? (Do not round intermediate calculations and Iyour wer to 2 decimal 2.16.) e.g b. 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 today a. b. Stock price tomorrow 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.) Cash Equity Fixed assets Total Total