17. The balance sheet and income statement for Isnet Corporation are as follows Balance Sheet as of December 11, 2007 ASSETS Cash and marketable securities$100,000 Accounts receivable 700,000 Accounts payable Other current abilities UABILITIES AND EQUITY $200,000 85,000 Inventory 230,000 Short-term borrowings 400,000 Total current assets $1,750,000 Total current abilities $685,000 Net plant, property, and equipment $2,500,000 Long-term debt $1,300,000 Total assets $4.250.000 Total labities $1,985,000 Common stock at per $800,000 Additional paid-in capital $950,000 Retained earnings $15,000 TOTAL LIABILITIES AND EQUITY $4.250.000 Income Statement for the year ending December 31, 2007 Sales Cost of goods sold Gross profit Selling, general, and administrative expenses Operating profit Interest expense Earnings before tax Taxes Net Income $6,500,000 3,800,000 $2,700,000 1.200.000 $1,500,000 100,000 $ 700,000 280,000 $420.000 net's stock was selling for $10 a share at the end of 2007 and there were 1 million shares outstanding Isnet paid dividends of 50.10 a share in 2007. Assume Other current liabilities are operational. Refer to the information above. Calculate the value of Isnet's Net Operating Assets. $1,985,000 $4,150,000 $3,865,000 $4,250,000 $3,965,000