The following amounts were reported on the December 31, 2019, balance sheet:

Cash	$	8,000
Land		20,000
Accounts payable		15,000
Bonds payable		120,000
Merchandise inventory		30,000
Retained earnings		80,000
Buildings and equipment, net of accumulated depreciation		180,000
Accounts receivable		22,000
Common stock		40,000
Wages payable		5,000

Working capital at December 31, 2019 was:

Multiple Choice

• $60,000.

• $40,000.

• $10,000.

• $120,000.