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what will be working capital? The following data was taken from the books as at December 3 1 of Blossom Inc.: Cash $ 1 2

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what will be working capital?
The following data was taken from the books as at December 31 of Blossom Inc.:
Cash
$12,500 Common shares
Income tax expense
4,500 Cost of goods sold
Sales revenue
$15,000
58,000
100,000 Retained earnings (as of January 1)76,000
Inventory
30,500 Bank loan payable
49,750
Accounts payable
31,750 Equipment
120,000
Operating expenses
28,500 Dividends paid
4,250
Interest expense
3,000 Accounts receivable
10,250
Prepaid expenses
1,000
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