$8,000 Using the asset-based model calculate the value of equity (adjusted equity). Cash $5,000 Accounts payable Account receivable 10,000 Notes payable Inventory 10,000 Bonds 12,000 10.000 Net fixed assets 22,000 Bonds market value is $ 2,000 less than bonds book value Market value of inventory is 90% of book value $ 17,000 $ 18,000 $ 26,000 $ 14,000