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Financial statements for the Genatron Manufacturing Corporation for the years 2020 and 2019 are shown. Genatron Manufacturing Corporation Balance Sheet 2020 2019 ASSETS $40,029 $50,849

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Financial statements for the Genatron Manufacturing Corporation for the years 2020 and 2019 are shown. Genatron Manufacturing Corporation Balance Sheet 2020 2019 ASSETS $40,029 $50,849 Cash Accts receivable 261,100 200.919 Inventory 500,574 451,503 Total current assets 801.703 703,271 Fixed assets, net 400,000 300,000 Total assets $1,201,703 $1,003,271 LIABILITIES AND EQUITY Accts payable $170,057 $130,405 Bank loan 90,959 90,959 Accruals 70,000 50,000 Total current liabilities 331,016 271,364 Long-term debt, 12% 386,682 296,852 Common stock. $10 par 300,000 300,000 Capital surplus 41.950 41.950 Retained earnings 142.055 93,105 Total liabilities & equity $1,201,703 $1,003,271 Genatron Manufacturing Corporation Income Statement 2020 2019 Net sales $1,697,581 $1,497,581 Cost of goods sold 1,018,549 898,549 Gross profit 679,032 599,032 Expenses General and administrative 150,000 150,000 Marketing 150,000 130,000 Depreciation 51,705 41.855 Interest 54,155 44,458 Earnings before taxes 273,172 232,719 Income taxes 72,177 60.919 Net income $200,995 $171,800 Calculate Genatron's dollar amount of net working capitalin each year, A 2020 2019 Net working capital $

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