Question 6 (11 marks) (Note this question is based on the Week 11 and Week 12 Tutorials) Safeway Inc. had the following comparative current assets and current liabilities, as shown below: 31 Dec 2019 31 Dec 2018 Current Assets Cash $ 65,000 $ 25,000 Marketable securities 30,000 15,000 Accounts receivable 42,000 80,000 Inventory 120,000 90,000 Prepaid expenses 35,000 20,000 Total Current Assets $292,000 $230,000 Current Liabilities Accounts payable $145,000 $130,000 Salaries payable 40,000 30,000 Income tax payable 20,000 15,000 Total Current liabilities $205,000 $175,000 Additional Information During 2019 net credit sales were $680,000 and the associated cost of goods sold was $365,000. Net cash provided by operating activities for 2019 was $142,000.