Final answer:
The working capital for Tiger-Farms as of December 31, 2020 is the result of subtracting current liabilities from current assets, which amounts to $152,000.
Step-by-step explanation:
The level of working capital for Tiger-Farms as of December 31, 2020, can be calculated by subtracting the current liabilities from the current assets. The formula to calculate working capital is: Working Capital = Current Assets - Current Liabilities Given that the current assets are $228,000 and the current liabilities are $76,000 for Tiger-Farms, the working capital would be: Working Capital = $228,000 - $76,000 Working Capital = $152,000 Therefore, Tiger-Farms had a working capital of $152,000.