1. Cash in 2017 was also $2,500. If the only changes to current assets and current liabilities were reported in the statement of cash flows, what was the firms change in net working capital from 2017 to 2018 (absolute value)?

28000 Balance Sheet 2018 Current Assets Cash Accounts Receivable Current Liabilities 2500 Accounts Payable Statement of Cash Flows Net Income 5500 Depreciation Expense Change in Accounts 7300 Receivable 8000 -500 7350 Notes Payable Total Current 9200 Liabilities 12800 Change in Inventory -2000 3300 Bonds Payable Inventory Prepaid Expenses Total Current Assets Fixed Assets Total Assets -450 22350 Total Liabilities 68500 Common Stock 90850 Retained Earnings Total Liab and Equity O Prepaid Expenses Change in Accounts 12800 Payable 31500 Notes Payable 46550 90850