Explain how

The financial statements of Persimmon Company include the following items: 20X9 20X8 Cash Short-term Investments $48,000 12,000 98,000 152,000 Net Accounts Receivable $49,500 34,000 100,000 162,000 533,000 271,000 55,000 Merchandise Inventory Total Assets 545,000 Total Current Liabilities 292,000 Long-term Note Payable 53,000 What is working capital for 20X9? O $40,500 O $207,000 O $74,500 $87,500