The following balance sheet information is provided for Apex Company for Year 2:

Assets Cash $4,200 Accounts receivable 10,350

Inventory 14,100 Prepaid expenses 900 Plant and equipment, net of depreciation 18,800 Land 12,700 Total assets $61,050 Liabilities and stockholders' equity Accounts payable $2,370 Salaries payable 8,930 Bonds payable (due in ten years) 8,500 Common stock, no par 20,000 Retained earnings 21,250 Total liabilities and stockholders' equity $61,050

What is the company's working capital?

Multiple Choice

$26,280

$18,250

$3,250

$8,850