QUESTION 12 Given the following Financial Information Answer the following question: 2017 2018 Cash 10,000 112,111 Accounts Receivable 4,000 4,400 Inventory 7,000 7,700 Prepald Assets 9,000 9,900 Other Assets 4,000 4,400 Total Current Assets 34.000 138,511 Net PPE 50,000 40,000 Intangibles 1,000 1,000 Total Assets 85,000 179,511 Accounts Payable 2.000 2,200 Salary Payable 7,000 7,700 Notes Payable 8,000 8,000 Total Current Liabilities 17.000 17.900 Long-Term Debt 50,000 50,000 Total Liabilities 67.000 67.900 Common Stock 50,000 50,000 Retained Earnings -32,000 61,611 total equity 18,000 111,611 2018 Sales 415,000 COGS 141.100 Gross Profit 273,900 SG&A 13,000 Other Operating Expenses 11,000 Depreciation 5.000 Interest 2,447 Taxes 100,618 Net Income 141,835 dividends 48.224 Calculate the Change in Net Operating Working Captal (NOWC) a. $104.511.18 O b. S-103.611.18 c. $103.611.18 d. S-104.511.18