Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.8 million. The machinery can be sold to the Romulans today for $4.05 million. Klingon's current balance sheet shows net fixed assets of $2.8 million, current liabilities of $2 million, and net working capital of $410,000. If all the current assets were liquidated today, the company would receive $1.15 million cash. Required: (a) What is the book value of Klingon's assets today? (Click to select) (b) (Click to select) alue? 2,800,000 4,050,000 6,460,000 9,210,000 eBook & Resources 5,210,000 Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.8 million. The machinery can be sold to the Romulans today for $4.05 million. Klingon's current balance sheet shows net fixed assets of $2.8 million, current liabilities of $2 million, and net working capital of $410,000. If all the current assets were liquidated today, the company would receive $1.15 million cash. Required: (a) What is the book value of Klingon's assets today? (Click to select) (b) What is the market value? (Click to select) (Click to select) 4,050,000 5,200,000 eBook & Resources 6,460,000 5,212,550 Learning Objective: 02-01 The difference between accounting value (or book value) and market value. 1,150,000 Difficulty: Basic Section: 2.1 The Balance Sheet