(Related to Checkpoint 3.2) (Working with the balance sheet)The Caraway Seed Company grows heirloom tomatoes and sells their seeds. The heirloom tomato plants are preferred by many growers for their superior flavor. At the end of the most recent year, the firm had current assets of , net fixed assets of , current liabilities of , and long-term debt of. a.Calculate Caraway's stockholders' equity. b. What is the firm's net working capital? c.If Caraway's current liabilities consist of accounts payable and short-term debt (notes payable), what is the firm's net working capital? Question content area bottom Part 1 STEP 1:Picture the problem The firm's balance sheet can be visualized as a mathematical equation using the following equation: Total shareholders' equity + total liabilities= total assets This equation belies the level of detail normally included in the firm's balance sheet. The template below shows how to construct the balance sheet: