Problem:
Penguin Pucks, Inc. has current assets of $7,000, net fixed assets of $25,900, current liabilities of $5,450, and long-term debt of $13,000.
Required:
Question 1: What is the value of the shareholders' equity account for this firm?
Question 2: How much is net working capital?
Note: Provide correct solution of the given problem with step by step calculations.