12. Knight Insurance has shareholders' equity of $136,900. The firm owes a total of $71,400 of which 30 % is payable within the next year. The firm has net fixed assets of $152,800. What is the amount of the net working capital? $21,420 $25,300 $34,080 $46,720 $55,500

14. A $40,000 asset was purchased and classified as a Class 10 asset for CCA purposes. If the CCA rate is 30%, calculate UCC for the end of year 1. $7,800 $10,200 $34,000 $6,000 $12,000