Please answer if you\'re 100% CERTAIN ON YOUR RESPONSES. For question 1, I got 3

Question

Please answer if you're 100% CERTAIN ON YOUR RESPONSES. For question 1, I got 3,751,000 as a book value answer but 1) I'm not sure if this is correct and 2) How to convert into dollars. Please show all steps and again, ANSWER IF YOU ARE 100% CERTAIN ON YOUR RESPONSES, thank you!

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.1 million. The machinery can be sold to the Romulans today for $6.3 million. Klingon's current balance sheet shows net fixed assets of $2.9 million, current liabilities of $720,000, and net working capital of $131,000. If all the current assets were liquidated today, the company would receive $835,000 cash. (Enter your answer as directed, but do not round intermediate calculations.) Requirement 1: What is the book value of Klingon's total assets today? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) Total asset book value Requirement 2: What is the market value of Klingon's total assets? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.) Total asset market value

Explanation / Answer

Caluclation of book Value Particulars $ Net Fixed Assets           2,900,000 Net working Capital              131,000 Book Value           3,031,000 Caluclation of Market Value Net Fixed Assets           6,300,000 Current Assets              835,000 Less: Current Liabilities             (720,000) Market Value           6,415,000

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