Use this balance sheet and income statement for the first year of operations for Layton Novelties,Inc.to answer the following question. 
The total amount of working capital of Layton Novelties is
Definitions:
Noncorporeal Continuation
The view that some form of life and personal continuity exists after the physical body has died.
Biological Causality
The study of biological processes and phenomena and their causes and effects.
Advance Directives
Legal documents that allow individuals to outline their preferences for medical treatment and care in the event that they become unable to communicate their decisions.
Melanesians
Ethnic groups indigenous to Melanesia, a subregion of Oceania in the Pacific, known for their distinct languages, cultures, and physical characteristics.
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