Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6.9 million. The machinery can be sold to the Romulans today for $4.2 million. Klingon's current balance sheet shows net fixed assets of $3.55 million, current liabilities of $2.2 million, and net working capital of $430,000. If all the current assets were liquidated today, the company would receive $1.45 million cash. Required: (a)What is the book value of Klingon's assets today? 6,830,000 (b)What is the market value? 1,450,000