• The financial statements for Watertown Service Company include the following items:

  	2017	2016
  Cash	$52,500	$44,000
  Short-term Investments	31,000	11,000
  Net Accounts Receivable	53,000	51,000
  Merchandise Inventory	162,000	49,000
  Total Assets	530,000	549,000
  Accounts Payable	130,500	126,000
  Salaries Payable	16,000	18,000
  Long-term Note Payable	55,000	56,000

  Compute working capital for 2017.

$137,000

$97,000

$152,000

$29,000