Joe's Tree Service bought new machines 3 years ago for $600,000. The machines can be sold today to his brother's company Sam's Tree Service for $430,000. Joe's current statement of financial position show net fixed assets of $380,000, current liabilities of $720,000, and net working capital of $250,000. If all Joe's assets were liquidated today, he would receive $1M. a. What is the book value of Joe's company? b. What is the market value of Joe's company? c. Explain the difference between book and market value. d. Why is it important to know these the book and market values of an asset? e. What is the implication of depreciation on book and market values? f. How do non-cash expenses impact a company's profitability? Answer Place only your finalanswer in the box. Show your work below (you must show all calculations used to derive you answers)