The following balance sheet information is provided for Apex Company for Year 2: Assets Cash $4,800 Accounts receivable 10,950 Inventory 14,400 Prepaid expenses 1,200 Plant and equipment, net of depreciation Land 19,100 13,000 Total assets $63,450 Liabilities and stockholders' equity Accounts payable $2,550 Salaries payable 8,630 Bonds payable (due in ten years) 10,000 Common stock, no par 18,500 Retained earnings 23,770 Total liabilities and stockholders' equity $63,450 What is the company's working capital? Multiple Choice $4,570 $20,170 $27,600 $8,970