Assume a company provided the following excerpts from its balance sheet and income statement as shown below: Current assets Total assets Current liabilities Total liabilities Total stockholders' equity Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Ending Balance Multiple Choice $ 120,000 $ 480,000 $ 80,000 $ 174,600 $ 305,400 The company's working capital at the end of the year is closest to: Beginning Balance $ 140,000 $ 380,000 $ 70,000 $ 174,000 $ 206,000 $ 1,000,000 600,000 400,000 250,000 150,000 8,000 142,000 42,600 $ 99,400

Assume a company provided the following excerpts from its balance sheet and income statement as shown below: The company's working capital at the end of the year is closest to