question 1: Consider the following extract from companys ABC 2020 and 2019 balance sheets:

	2020	2019
inventory	1500	1000
receivables	1000	500
cash	3000	2000
payables	1200	700

The change in working capital for the 2020 cash flows statement is:

Select one:

a. 1500

b. 500

c. -1500

d. -500

question 2: Consider the following adjusted trial balance:

cash	2600
share capital		10000
fixtures at cost	22000
accumulated depreciation		12000
sales		56000
receivables	14500
interest	600
bonds		10000
sales returns	2500
discounts granted	1000
retained earnings		5500
accrued rent		1600
rent expense	9400
COGS	18900
inventory	5600
depreciation expense	10000
gain on disposal		2000
other receivables	10000
doubtful debt expense	2000
provision for doubtful debts		2000

The profit/loss for the year is:

Select one:

a. 17100

b. 13600

c. 11600

d. 15100

Please solve these questions step by step. thank you