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18. Entergy Painting Company is a commercial painting contractor. At the beginning of 20X7, Entergy's net working capital was $350,000. The following transactions occurred during 20X7: Performed services on credit $150,000 Purchased office equipment for cash 10,000 Recognized salaries expense 54,000 Purchased paint supplies on on credit 25,000 Consumed paint supplies 20,000 Paid salaries 50,000 Collected accounts receivable 157,000 Recognized straight-line depreciation expense 2,000 Paid accounts payable 15,000 Calculate Entergy's working capital at the end of 20X7 and the change in cash for the year 20X7. Working capital Change in cash A) $416,000 $82,000 B) $414,000 $82,000 C) $416,000 $80,000