Festivus Company has working capital of $142,280 on December 30. On December 31 it has the following transactions:

1) An account payable for $10,000 is paid off

2) An account receivable of $1,000 is written off (Festivus does not use the direct write-off method)

3) $17,600 more inventory is purchased on account.

Assume a 365 day year. Sales for the period amounted to $1,700,000 and the average mark up is 25%.

Required 1: What is the working capital on December 31st after all transactions took place?

Required 2:  Working capital turnover for the period ended on December 31st 

Required 3: If Account Payable balance on December 30th is $10,000 what is the Accounts Payable Turnover? Use ending balance of AP instead of the average.

Required 4: If Account Payable balance on December 30th is $10,000 what is the Days Accounts Payable are outstanding? Use ending balance of AP instead of the average.