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Bill's Lanes Corporation Balance Sheet, December 31 (Figures in thousands of dollars) LIABILITIES AND STOCKHOLDERS' EQUITY ASSETS Current assets Net fixed assets Total $1,200 3,000 $4,200 Current liabilities Long-term debt Stockholders' equity Total $ 800 1,000 2,400 $4,200 Assume that the market value of the current assets is equal to the book value and that the mar- ket value of the net fixed assets is three times the book value. The market value of current liabil- ities is equal to the book value and the market value of long-term debt is 90% of its book value. a. What is the market value of Bill's Lanes' assets? b. What is the market value of Bill's Lanes' liabilities? c. If the market value of equity is equal to the market value of assets minus the market value of liabilities, what is the market value of the equity in Bill's Lanes