From the information below,

1. List of the working capital accounts.

2. Calculate the net working capital.

Buildings ……………………………… $100,000

Cash …………………………………...         5,000

Trade receivables ……………………...        25,000

Trade and other payables ……………..         40,000

Inventories ……………………………         50,000

Cost of sales …………………………. 150,000

Land …………………………………. 500,000

Wages payable ……………………….          10,000

Prepaid expenses …………………….           12,000

Goodwill …………………………….           50,000