What is the working capital for Halal Cosmetics Ltd as at Dec 31, 2015?

		$160,000
		$5,000
		$60,000

HALAL COSMETICS LTD BALANCE SHEET AS AT DEC 31, 2015 LIABILITIES ASSETS Cash Accounts Receivables Inventory Fixed Assets $20,000 Accounts Payable 10,000 Charge Card (Note 1) 55,000 Shareholder's Equity 100,000 $20,000 5,000 160,000 $185,000 Total Assets $185,000 Total Liabilities & Shareholders' Equity Note 1: A charge card, unlike a credit card, must be paid in full each month. HALAL COSMETICS LTD INCOME STATEMENT AS AT DEC 31, 2015 Sales Cost of Goods Sold Gross Profit Operating Expenses Net Profit** $850,000 500,000 350,000 150,000 $200,000 ** Before Income tax