Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a building at a cost of $1,220,000 that is currently appraised at $1,420,000. The equipment originally cost $700,000 and is currently valued at $447,000. The inventory is valued on the balance sheet at $390,000 but has a market value of only one-half of that amount. The owner expects to collect 97 percent of the $215,200 in accounts receivable. The firm has $10,300 in cash and owes a total of $1,420,000. The legal problems are personal and unrelated to the actual business. What is the market value of this firm? $1,271,244 $861,044 $1,056,044 $642,000