The financial statements of Persimmon Company include the following items: 20X9 20X8 Cash $51,500 $46,000 Short-term Investments 25,000 13,000 Net Accounts Receivable 100,000 104,000 Merchandise Inventory 165,000 149,000 Total Assets 532,000 550,000 Total Current Liabilities 271,000 288,000 Long-term Note Payable 64,000 58,000 What is working capital for 20X9? O $197,000 $70,500 $45,500 $94.500