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Scherbert Industries has the following balance sheet accounts as of 12/31/x3 (not a complete balance sheet): Accounts Payable $545,000 Accounts Receivable 845,000 Accruals 357,500 Cash

Scherbert Industries has the following balance sheet accounts as of 12/31/x3 (not a complete balance sheet):

Accounts Payable $545,000

Accounts Receivable 845,000

Accruals 357,500

Cash 237,200

Common Stock 1,100,000

Fixed Assets (net) 9,525,000

Inventory 724,000

Long Term Debt 3,225,000 Calculate gross and net working capital.

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