Use the balance sheets below for the years 2020 and 2021 to answer the question that...

  

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Use the balance sheets below for the years 2020 and 2021 to answer the question that follows. Calculate the change in net working capital in 2021. Balance Sheet as of December 31, 2020 2021 2020 2021 Cash $3,476,500 $4,098,500 Acct. Payable $2,040,000 $1,600,000 Acct $2,060,000 $5,920,000 Notes Payable $3,772,000 $4,431,000 Receivable Inventory $1,500,000 $1.223,000 Current Liabilities $5,812,000 $6,031,000 Current Assets $7,036,500 $11,241,500 Long Term $1,550,800 $704,000 Debl Net Fixed Assets Total $6,907,900 $7,551,100 $7,362,800 $6.735,000 Liabilities Common Stock $510,000 $600,000 ($0.50 par) Capital $3,035,600 $6.959.600 Surplus Retained $3.036.000 $4,498,000 Earnings Total Total Assets $13,944,400 $18,792,600 Liabilities & Equity $13,944,400 $18,792,600 Use the balance sheets below for the years 2020 and 2021 to answer the question that follows. Calculate the change in net working capital in 2021. Balance Sheet as of December 31, 2020 2021 2020 2021 Cash $3,476,500 $4,098,500 Acct. Payable $2,040,000 $1,600,000 Acct $2,060,000 $5,920,000 Notes Payable $3,772,000 $4,431,000 Receivable Inventory $1,500,000 $1.223,000 Current Liabilities $5,812,000 $6,031,000 Current Assets $7,036,500 $11,241,500 Long Term $1,550,800 $704,000 Debl Net Fixed Assets Total $6,907,900 $7,551,100 $7,362,800 $6.735,000 Liabilities Common Stock $510,000 $600,000 ($0.50 par) Capital $3,035,600 $6.959.600 Surplus Retained $3.036.000 $4,498,000 Earnings Total Total Assets $13,944,400 $18,792,600 Liabilities & Equity $13,944,400 $18,792,600