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The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items

The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are in thousands of dollars.

2021 2022
Revenue $ 4,000 $ 4,100
Cost of goods sold 1,600 1,700
Depreciation 500 520
Inventories 300 350
Administrative expenses 500 550
Interest expense 150 150
Federal and state taxes*Footnote asterisk 400 420
Accounts payable 300 350
Accounts receivable 400 450
Net fixed assetsFootnote 5,000 5,800
Long-term debt 2,000 2,400
Notes payable 1,000 600
Dividends paid 410 410
Cash and marketable securities 800 300

*Footnote asterisk Taxes are paid in their entirety in the year that the tax obligation is incurred.

Footnote Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.

What was the change in net working capital during the year?

Note: Enter your answer in thousands of dollars.

image text in transcribed

(increase/decrease) and $ amount

Net working capital by

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