Avas SpinBall Corp. lists fixed assets of $22 million on its balance sheet. The firms fixed assets have recently been appraised at $36 million. Avas SpinBall Corp.s balance sheet also lists current assets at $15 million. Current assets were appraised at $26 million. Current liabilities book and market values stand at $5 million and the firms book and market values of long-term debt are $25 million.

Calculate the book and market values of the firms stockholders equity. Construct the book value and market value balance sheets for Avas SpinBall Corp. (Enter your answers in millions of dollars.)

BOOK VALUE		MARKET VALUE
Assets
Current assets	$ m		$ m
Fixed assets	m		m
Total	$ m		$ m
Liabilities and Equity
Current liabilities	$ m		$ m
Long-term debt	m		m
Stockholders equity	m		m
Total	$ m		$ m