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Klingon Widgets, Incorporated, purchased new cloaking machinery four years ago for $ 4 million. The machinery can be sold to the Romulans today for $

Klingon Widgets, Incorporated, purchased new cloaking machinery four years ago for $4 million. The machinery can be sold to the Romulans today for $3.5 million. Klingon's current balance sheet shows net fixed assets of $3 million, current liabilities of $730,000, and net working capital of $228,000. If all the current accounts were liquidated today, the company would receive $1.1 million cash. What is the book value of Klingon's assets today?

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