a) How do you define Net Working Capital and why is it important to have a positive Net Working capital? (8 Marks) b) Here are the simplified financial statements of X Corp. from a recent year. Prepare Income Statement & Balance Sheet at the beginning of the year and the end of the year from the information below: (12 Marks) Net Sales - 13,194 Other Expenses - 4,060 Cost of Goods Sold - 4,060 Depreciation - 2,518 Interest Exp - 685 Taxes - 570 Dividend - 856 Beginning and End of the year: Cash & marketable securities - 89, 158 Receivables - 2,382 & 2,490 Inventories 187 & 238 Other Current Assets- 867 & 932 Property Plants - 19,973 & 19,915 Other long term assets - 4,216 & 3,770 Payables - 2,564 & 3,040 Short Term Debt - 1,419 &1,573 Other current liabilities - 811 & 787 Long Term Debts & Leases - 7,018 & 6,833 Other LT Liabilities - 6,177 & 6,150 Share Holder's Equity