Question: Use the following data to determine the total amount of working capital. Nash's Trading Post, LLC Balance Sheet December 31, 2022 Cash $185000 Accounts payable

Use the following data to determine the total amount of working capital.

Nash's Trading Post, LLC Balance Sheet December 31, 2022

Cash

 $185000

Accounts payable

 $195000

Accounts receivable

 140000

Salaries and wages payable

 25000

Inventory

 150000

Mortgage payable

 225000

Prepaid insurance

 85000

Total liabilities

 $445000

Stock investments (long-term)

 250000

Land

 250000

Buildings

 $300000

Common stock

 $335000

Less: Accumulated depreciation

 (55000) 245000

Retained earnings

 725000

Trademarks

 200000

Total stockholders' equity

 $1060000

Total assets

 $1505000

Total liabilities and stockholders' equity

 $1505000

$165000

$340000

$365000

$130000

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