Problem 2-1 Balance Sheet (LG2-1)

You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $500,000, accounts receivable = $1,000,000, inventory = $1,500,000, accrued wages and taxes = $510,000, accounts payable = $810,000, and notes payable = $610,000.

Calculate Goodman Bees' net working capital.