Assume that the Current Assets for Shine Co. as of Decebmer 31, 2011, are listed below. Assume further that the total Current Liabilites on the same date are $150,000. What is the amount of the working capital for Shine Co. on December 31, 2011?

ASSETS

Current assets:

Cash $90,000

Temporary Investments 30,000

Accounts Receivable 78,000

Inventories 99,000

Prepaid Expenses 20,700

Total current assets $317,700

$317,700

$467,700

$167,700

$48,000