C D E 1 Excerpts from Candle Corporation's most recent balance sheet appear below: A B 2 Year 2 Year 1 3 4 Current assets: 5 Cash $198,000 $100,000 6 Accounts receivable, net 228,000 220,000 7 Inventory 178,000 168,000 8 Prepaid expenses 128,000 128,000 9 Total current assets $732,000 $616,000 10 11 Current liabilities: 12 Accounts payable $238,000 $218,000 13 Accrued liabilities 68,000 68,000 14 Notes payable, short-term 128,000 118,000 15 Total current liabilities $434,000 $404,000 16 17 Additional data: 18 Sales on account 19 Cost of goods sold $1,388,800 $865,000 20 21 Required: 22 Compute the following for Year 2 and Year 1: 23 a. Working capital (2 marks) 24 24 25 26 27 28 Answer Sheet New Year 2 Year 1 G