XYZ Company, a cash-basis taxpayer, is being valued using the adjusted book value method as of December 31, 2020. The balance sheet at that date follows: Cash $102,000 Dell Stock (1,000 shares) 22,000 Inventory (FIFO) 45,000 Land and Building 1,500,000 Machinery 265,000 Total Assets $1.934.000 Notes Payable (Current) $ 51,000 Notes Payable (LT) 1.240,000 Shareholder loans 410,000 Retained Earnings 233,000 Total Liab & RE __$1.634.000 1. On December 31, 2020, the Dell stock traded for a low of $33.51 and a high of $34.02. What would be the value of this asset used in the adjusted book value method? 2. Not shown on the balance sheet was Accounts receivable of $985,000. The company believes the accounts receivable is 85% collectible. What accounts receivable adjustment would be required? 3. XYZ Company provides detailed summaries of its inventory. On the LIFO basis, the value of the inventory is $12,000. The company believes $5,000 of the inventory is obsolete. What would be the value of this asset using the adjusted book value method