The Following Amounts Were Reported on the December 31, 2019

Multiple Choice

The following amounts were reported on the December 31, 2019, balance sheet: $$\begin{array} { l r } \text { Cash } &\$ 8,000 \\\text { Land } & 20,000 \\\text { Accounts payable } & 15,000 \\\text { Bonds payable } & 120,000 \\\text { Merchardise irventory } & 30,000 \\\text { Retained earnirgs } & 80,000 \\\text { Buildings and equipment, net of accumulated depreciation } & 180,000 \\\text { Accounts receivable } & 22,000 \\\text { Common stock } & 40,000 \\\text { Wages payable } & 5,000\end{array}$$ Working capital at December 31, 2019 was:

A) $10,000.
B) $40,000.
C) $60,000.
D) $120,000.