Problem $2-1$ Balance Sheet $($LG$2-1)$

You are evaluating the balance sheet for Goodman Bees Corporation. From the balance sheet you find the following balances: cash

and marketable securities $=$$$400,000,$ accounts receivable $=$$$1,200,000,$ inventory $=$$$2,100,000,$ accrued wages and taxes $=$

$$500,000,$ accounts payable $=$$$800,000,$ and notes payable $=$$$600,000.$

Calculate Goodman Bees' net working capital.

Note: Enter your answer in dollars not in millions.