Use the following data to determine the total amount of working capital.
Novak Corp. Balance Sheet December 31, 2022
Cash $189000
Accounts payable $206000
Accounts receivable 146000
Salaries and wages payable 25000
Inventory 155000
Mortgage payable 246000
Prepaid insurance 94800
Total liabilities $477000
Stock investments (long-term) 264000
Land 255000
Buildings $314000
Common stock $343800
Less: Accumulated depreciation (60000) 254000
Retained earnings 744000
Goodwill 207000
Total stockholders' equity $1087800
Total assets $1564800
Total liabilities and stockholders' equity $1564800 $173800 $353800 $123800 $383800
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Use the following data to determine the total amount of working capital.
Novak Corp. Balance Sheet...
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