Jefferson Services Company records the collection of $500 cash for previously accrued revenues and then makes an accrual of $325 for another revenue. The impact of these two entries on total net income and working capital is an increase of:
Select one:
a.
Net Income $325, Working Capital $175
b.
Net Income $825, Working Capital $325
c.
Net Income $325, Working Capital $500
d.
Net Income $325, Working Capital $325
e.
Net Income $500, Working Capital $175