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The following amounts pertain to the ABC Corporation at December 31: Total current assets $ 300,000 Total fixed assets 2,200,000 Total assets 2,500,000 Total current
The following amounts pertain to the ABC Corporation at December 31:
| Total current assets | $ 300,000 |
| Total fixed assets | 2,200,000 |
| Total assets | 2,500,000 |
| Total current liabilities | 120,000 |
| Total liabilities | 1,600,000 |
| Total paid-in capital | 400,000 |
| Total equity | 900,000 |
ABCs working capital at December 31 is
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A.$400,000
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B.$180,000
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C.$500,000
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D.$900,000
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