Problem 14-7 Regular Dividends (LO 1] The balance sheet for Tempest, Inc., is shown here in market value terms. There are 26,000 shares of stock outstanding. Market Value Balance Sheet $ 111,000 484,920 Cash Fixed assets $595,920 Equity $595,920 $595,920 Total Total The company has declared a dividend of $1.30 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 round your answer to 2 decimal places, e.g., 32.16.) b. What will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price today 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 Fixed assets Equity Total Total