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Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question. 2018 2017 Cash $ 22,000 $ 14,000 Accounts receivable

Pinecrest Company Use the selected data from Pinecrest Company's financial statements to answer the following question.

2018 2017
Cash $ 22,000 $ 14,000
Accounts receivable 42,000 16,000
Merchandise inventory 22,000 83,000
Prepaid expenses 23,000 18,000
Total current assets $109,000 $131,000
Total current liabilities $ 65,000 $ 72,000
Net credit sales 221,000 326,000
Cost of goods sold 168,000 299,000
Net cash flow from operating activities 16,000 29,000

Refer to the data for Pinecrest Company. The amount of working capital at the end of 2018 is

a.$36,000.

b.$174,000.

c.$99,000.

d.$44,000.

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