Question 7 The following account balances are provided for Jones Co. at the end of 2016: Account Land Debit Credit $10,000 Prepaid insurance 1,500 Cash 7,000 Notes receivable (due 2019) 4,000 Allowance for doubtful accounts $1,200 Marketable securities (short-term) 3,300 Accumulated depreciation 8,500 Accounts receivable 15,000 Office supplies 900 Buildings 50,000 20,000 Inventory Total current liabilities for the company on 12/31/16 were $30,000. Working capital for 2016 is: $16,500 O $46,500 O $15,600 $14,100