The following balances are taken from the books of Warner Company at the end of his first-year trading on 31 December 2019. ( please use your kayboard) Prepare income statement Prepare a balance sheet What is the firms net working capital? Interpret your findings.

Salaries expense	66,000
Cash	225,000
Long-term debt	334,000
Sales	573,000
Accounts payable	102,000
Buildings and equipment	895,000
Short-term notes payable	75,000
Long-term notes payable	46,400
Accounts receivable	153,000
Interest expense	4,750
Utilities expenses	7,900
Common stock	289,000
Cost of goods sold	297,000
Inventory	99,300
Taxes	50,500
Accumulated depreciation	263,000
Retained earnings	262,900