Net Working Capital. Winston Corporation has the following selected assets and liabilities:
Cash $15,000
Accounts receivable $20,000
Inventory $37,000 Land $70,000
Building $190,000
Goodwill $26,000
Accounts payable $13,000
Salaries payable $7,000
Taxes payable $19,000
Mortgage payable $80,000
Common stock $100,000
Retained earnings $82,000
Determine the company’s net working capital.
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