The balance sheet for gallinas industry is as follows

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ASSETS

Cash $40,000

Marketable securities $60,000

Accounts receivable $120,000

Inventories $160,000

Total current assets $380,000

Land and building (net) $150,000

Machinery and equipment $250,000

Total fixed assets (net) $400,000

Total assets $780,000

LIABILITIES AND STOCKHOLDER'S EQUITY

Accounts Payable $100,000

Notes Payable $30,000

Accrued Wages $30,000

Total current liabilities $160,000

Long term debt $180,000

Proffered stock $80,000

Common stock(10,000 share)$260,000

Retaining earning $100,000

Total Liabilities and stockholder's Equity $780,000

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Additional information with respect to the firm is available:

(1) Preferred stock can be liquidated at book value.

(2) Accounts receivable and inventories can be liquidated at 90% of book value.

(3) The firm has 10,000 shares of common stock outstanding.

(4) All interest and dividends are currently paid up.

(5) Land and buildings can be liquidated at 130% of book value.

(6) Machinery and equipment can be liquidated at 70% of book value.

(7) Cash and marketable securities can be liquidated at book value.

Given this information, answer the following:

a. What is Gallinas Industries' book value per share?

b. What is its liquidation value per share?

c. Compare, contrast, and discuss the values found in parts a and b.