Genatron Manufacturing Corporation Balance Sheet 2017 2016 ASSEN Cash $41,412 $50,581 Accts, receivable 261,392 201,154 Inventory 501,847 450,562 Total current assets 804,651 702,297 Fixed assets, net 400,000 300,000 Total assets $1,204,651 $1,002,297 LIABILITIES AND EQUITY Accts. payable $170,481 $134,231 Bank loan 90.654 90,654 Accruals 70.000 50,000 Total current liabilities 331 165 274.885 Long-term debt, 128 387,017 294 897 Common stock, $10 par 300.000 300,000 Capital surplus 49,062 49 062 Retained earnings 187,437 80453 Total liabilities & equity $1,204,651 SL 002297 Genator Manufacturing Corporation Genatron Manufacturing Corporation In ome Statement 2017 2016 Net sales $1,642,126 $1,442,126 Cost of goods sold 985,276 865,276 Gross profit 656,850 576,850 Expenses: General and administrative 150,000 150,000 Marketing 150,000 130,000 Depreciation 52,556 40,286 Interest 55,851 44,193 Earnings before taxes 248,443 212,371 Income taxes 74,951 60,003 Net income $173,492 $152,368 (a) x Your answer is incorrect. Try again. Calculate Genatron's dollar amount of net working capital in each year- 2017 2016 IN Net working capital 469,074 480 100 LINKTO TEXT