Dana Company Balance Sheet as of December 31, 2025

Dana Company
Balance Sheet
As of December 31, 2025
Cash	5,000		Accounts Payable	57,500
Accounts Receivable	110,000		Notes Payable-due in Eighteen Months	5,000
Supplies Inventory	28,750		Mortgage Payable-due in four years	259,000
Equipment	431,250		John Dana, Capital	253,500
Total	575,000		Total	575,000

What amount of working capital did Dana Company have available at December 31, 2025?

	a.	$143,750
	b.	$57,500
	c.	$81,250
	d.	$86,250

Blue Corporation reports the following items in the stockholders equity section of its Balance Sheet:

Common Stock - at Par	$ 300,000
Paid-in Capital in Excess of Par - Common	$ 122,000
Retained Earnings	$ 30,000
Treasury Stock	$ 46,000

What is Blue Corporations total paid-in capital (contributed capital)?

	a.	$452,000
	b.	$422,000
	c.	$468,000
	d.	$376,000

Cook Corporation Balance Sheet As of December 31, 2023
Assets
Cash	$ 30,000
Accounts Receivable	120,000
Inventory	90,000
Fixed Assets (net)	550,000
Total	$ 790,000
Liabilities and Stockholders' Eqiuity
Accounts Payable	$ 60,000
Bonds Pay. in 12 yrs.	210,000
Common Stock	170,000
Retained Earnings	350,000
Total	$ 790,000

Cook held $92,500 of merchandise in inventory at the beginning of the year, and the cost of goods sold for the year equalled $730,000.

What was Cook's average inventory for the year?

	a.	$318,750
	b.	$273,750
	c.	$91,250
	d.	$92,500