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Question - Using the following information what amount should be reported as current liabilities and what is the working capital?

Wages Payable $25,600

Cash 17,700

Mortgage Payable 151,600

Dividends Payable 14,000

Prepaid Rent 13,600

Inventory 81,800

Sinking Fund Assets 52,400

Short-term Investment 12,500

Premium on bonds payable 4,600

Stock Investment in Subsidiary 102,400

Taxes Payable 22,800

Accounts Payable 24,800

Accounts Receivable 36,600

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