The Following Data Were Taken from the Otay, Inc Required:
Compute Working Capital

Essay

The following data were taken from the Otay, Inc.balance sheet:
$\begin{array}{ll}\text { Accountspayable } & \$ 150 \\\text { Inventory } & 250 \\\text { Retained earnings } & 40 \\\text { Accumulated depreciation } & 300 \\\text { Cash } & 500 \\\text { Serial bonds payable (\$200 matures each year) } & 800 \\\text { Prepaid insurance } & 200 \\\text { Allowance for doubtful accounts } & 20 \\\text { Capital stock } & 440 \\\text { Property, plant, and equipment } & 1,000 \\\text { Accountsrecivable (gross) } & 110 \\\text { Acculed salaries } & 310\end{array}$ Required:
Compute working capital.