Question: Six years ago, Heron Manufacturing bought a fabricator at a cost of $524,000. This equipment is currently valued at $224,200 on today's statement of financial

Six years ago, Heron Manufacturing bought a fabricator at a cost of $524,000. This equipment is currently valued at $224,200 on today's statement of financial position but could actually be sold for $241,400. This is the only fixed asset the firm owns. Net working capital is $120,000 and long-term debt is $83,500. What is the book value of shareholders' equity?

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