The Following Balance Sheet Information Is Provided for Apex Company

The following balance sheet information is provided for Apex Company for Year 2: What is the company's working capital?
$\begin{array}{|l|r|}\hline \text { Assets } & \\\hline \text { Cash } & \$ \\\hline \text { Accounts receivable } & 5,400 \\\hline \text { Inventory } & 15,500 \\\hline \text { Prepaid expenses } & 18,000 \\\hline \text { Plant and equipment, net of depreciation } & 1,600 \\\hline \text { Land } & 20,200 \\\hline \text { Total assets }&\$80,650\\\hline \\\hline \text { Liabilities and Stockholders' Equity } & \\\hline \text { Accounts payable } & \$4,500 \\\hline \text { Salaries payable } & 11,500\\\hline \text { Bonds payable (Due in 2020) } &19,000 \\\hline \text { Common stock, no par } &30,000 \\\hline \text { Retained earnings } & 15,650 \\\hline \text { Total liabilities and stockholder' equity }&\$80,60\\\hline\end{array}$

A) $20,300
B) $4,900
C) $22,900
D) $24,500