The market value of the fixed assets is assumed to be 11,000, while the corresponding value of the inventory is 18,000. Accounts receivable are overvalued by a total of 400. The market value is based on "continued operation", tariffs and prudent assessments. 285 of it long-term debt is deferred tax. The company has no deferred tax asset in the balance sheet. Use effective tax rate of 21%. TASK: Calculate the value-adjusted equity

Balance 31.12 Fixed Assets Inventory Accounts recievable Liquid Assets Sum Assets Equity Long-term debt Short-term debt Sum equity and debt Year 1 9 760 16 440 4 800 2 000 33 000 10 200 10 800 13 000 33 000