Question: Problem 3-32 Working Capital (L01) The table below contains data on incorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019,
Problem 3-32 Working Capital (L01) The table below contains data on incorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the Income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 54,700 1,300 410 250 440 240 2019 54,00 1,400 410 205 490 240 Revenue Cost of goods sold Depreciation Inventorius Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net Fixed assets Long-term debt Notes payable Dividends paid Cash and sarktable securities 250 350 295 425 4.740 1.700 870 we se 530 470 Taxes are paid in their entirety in the year that the tax obligation is incurred, T Netfixed assets are fixed assets net of accumulated depreciation since the asset was installed What was the change in networking capital during the year? (Enter your answer in thousands of dollars.) Networking capital decreased by
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