Lizzie's Clothing Barn, Inc. Income Statement For the Year Ended December 31,20X4 Sales $27,000,000 Cost of goods sold.... 12 _,000 _,000 _ Gross profit. 15,000,000 Operating expenses: General and administrative expenses.... $4,100,000 Selling expenses 6_,200 _,000 _ Total operating expenses.... 10 _,300 _,000 _ Operating income.... ... 4,700,000 Nonoperating items: Interest revenue. (40,000) Interest expense 222 _,000 _ Nonoperating expense (net) 182 _,000 Income before taxes. 4,518,000 Income tax expense .... 1,807,_,000 _ Net income.... $2,711,000

Working Capital on December 31, 20X4

A. 1,930,000 B. 4,230,000 C. 5,300,000 D. 10,530,000