6. Six years ago, Thompson Distributors purchased a mailing machine at a cost of $368,000.

6. Six years ago, Thompson Distributors purchased a mailing machine at a cost of $368,000. This equipment is currently valued at $172,200 on today’s statement of financial position but could actually be sold for $211,400. This is the only fixed asset the firm owns. Net working capital is $121,000 and long-term debt is $82,500. What is the book value of shareholders’ equity? Show calculations in detail.  (5 marks)

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