The following balance sheet information is provided for Apex Company for Year 2:

Assets
Cash	$	5,800
Accounts receivable		11,950
Inventory		14,900
Prepaid expenses		1,700
Plant and equipment, net of depreciation		19,600
Land		13,500
Total assets	$	67,450
Liabilities and stockholders' equity
Accounts payable	$	2,850
Salaries payable		8,130
Bonds payable (due in ten years)		12,500
Common stock, no par		16,000
Retained earnings		27,970
Total liabilities and stockholders' equity	$	67,450

What is the company's working capital?

Multiple Choice

$22,300

$5,300

$19,700

$23,370