Answer : The value of the owners’ equity= $ 71,600

Working notes for the above answer is as under

We have been provided with the information that,

Particular
Amount in $

Gino’s Winery has net working capital
29800

net fixed assets of
64800

 current liabilities
34700

and long-term debt
23000

Now we will calculate the value of the owners’ equity

The calculation is as follow

Owner’s Equity
Amount in $

Gino’s Winery has net working capital
29800

Add:
 

net fixed assets of
64800

 
94600

Less:
 

and long-term debt
23000

The value of owner’s Equity
71600