Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company

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Recently, the owner of Martha's Wares encountered severe legalproblems and is trying to sell her business. The company built abuilding at a cost of $1,260,000 that is currently appraised at$1,460,000. The equipment originally cost $740,000 and is currentlyvalued at $487,000. The inventory is valued on the balance sheet at$430,000 but has a market value of only one-half of that amount.The owner expects to collect 99 percent of the $235,200 in accountsreceivable. The firm has $10,700 in cash and owes a total of$1,460,000. The legal problems are personal and unrelated to theactual business. What is the market value of this firm?