Solve the following problems: Using the balance sheet below:

• create a balance sheet for 2016 and 2017.
• make a list of working capital accounts.
• what is the net working capital for 2016 and 2017?
• What is the change in net working capital for 2017?

Balance Sheet Accounts of SimpleTec Corporation

Account Balance 12/31/2013 Balance 12/31/2014

Accumulated Depreciation $2,030 $2,680

Accounts Payable $1,810 $2,070

Accounts Receivable $2,490 $2,700

Cash $1,310 $1,100

Common Stock $5,000 $5,000

Inventory $5,810 $6,040

Long-Term Debt $7,810 $8,210

Plant, Property & Equipment $8,410 $9,210

Retained Earnings $1,380 $1,100