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Cash $ 65,000 Accounts Payable $70,000 Prepaid Insurance 30,000 Salaries Payable 10,000 Accounts Receivable 50,000 Mortgage Payable 90,000 Inventory 70,000 Total Liabilities $160,000 Land held
Cash $ 65,000 Accounts Payable $70,000 Prepaid Insurance 30,000 Salaries Payable 10,000 Accounts Receivable 50,000 Mortgage Payable 90,000 Inventory 70,000 Total Liabilities $160,000 Land held for investment 75,000 Land 90,000 Building $100,000 Less Accumulated Depreciation (20,000) Common Stock $120,000 Building Net of Depreciation 80,000 Retained Earnings 250,000 Trademark 70,000 Total stockholders' equity $370,000 Total Assets $530,000 Total Liabilities and Stockholders' Equity $530,000 The total amount of working capital is O $135,000. $295,000. $75,000. $60,000
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