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As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,000 Accounts Receivable 15,000

As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.

Cash $5,000 Accounts Receivable 15,000 Inventory 40,000 Prepaid Insurance 3000 Fixed Assets 100,000 Accounts Payable 15,000 Notes Payable in 5 Months 12,500 Salary Payable 25,000 Notes Payable in 5 years

35,000 Owner's Equity 98,000

2. What is the company's Working Capital?

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