Financial statements for Marcell Company appear below: Marcell Company Statement of Financial Position December 31, Year 2 and Year 1 (dollars in thousands) Year 2 Year 1 Current assets: Cash and marketable securities $300 $290 Accounts receivable, net 250 250 Inventory 600 600 Preferred expenses 160 160 Total current assets 1,310 1,300 Noncurrent assets: Plant & equipment, net 2,820 2,810 Total assets $4,130 $4,110 Current liabilities: Accounts payable $450 $290 Accrued liabilities 70 70 Notes payable, short term 330 570 Total current liabilities 850 930 Noncurrent liabilities: Bonds payable 580 780 Total liabilities $1,430 $1,710 Stockholders' equity: Preferred stock, $10 par, 8% 380 380 Common stock, $5 par 420 420 Additional paid-in capital--common stock 700 700 Retained earnings 1,200 900 Total stockholders equity 2,700 2,400 Total liabilites & stockholders equity $4,130 $4,110 Marcell Company Income Statement For the Year Ended December 31, Year 2 (dollars in thousands) Sales (all on account) $5,350 Cost of goods sold 3,180 Gross margin 2,170 Selling and administrative expense 1,000 Net operating income 1,170 Interest expense 100 Net income before taxes 1,070 Income taxes (30%) 321 Net income $749 Marcell Company's working capital (in thousands of dollars) at the end of Year 2 was closest to: $1,500 $2,700 $1,310 $460