QUESTION 8 Account balance from Fox Motors Inc's financial statements are listed below. How much is the firm's Working Capital? Assume the tax rate is 30%. Accounts Payable $2,000 Sales 56,000 Cost of goods sold 31,000 Interest expense 1,000 Admin/Marketing expense 8,000 Accruals 500 Accounts Receivable 3,200 Fixed Assets 12,000 Inventory 2,000 14,700 2,700 9,520 6,820